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Retirement tax questions
What type of retirement account? if a pension or account that you receive periodic payments from then the box 1 amount is the RMD amount.
If an IRA then the RMD must be calculated based on your age and the 2018 year end value of all Traditional IRA accounts combined.
If an IRA then the RMD must be calculated based on your age and the 2018 year end value of all Traditional IRA accounts combined.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎June 5, 2019
11:49 PM