In January/early February you will receive a 1099R from the custodian of the account. You will enter the information from that 1099R on your 2019 tax return. It will be added to your taxable income and you will be taxed according to your tax bracket. If you expect to owe over $1000 at tax time, you might want to make an estimated tax payment by going to the IRS site. You have not mentioned whether you are also collecting Social Security. Your SS might be taxable, depending on how much income you have altogether in 2019.
https://www.irs.gov/payments
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
