Retirement tax questions

The required minimum distribution (RMD) amount for your IRA is not listed on your 1099-R. Instead, you need to calculate it based on your account balance and your age. Here’s how you can find it:

Calculate Your RMD:

• Use the IRS RMD worksheet to calculate your RMD.
• Many financial institutions, like AARP, provide RMD calculators and guides. You can check out the AARP RMD Reference Guide.