Skip to main content
Level 1
May 20, 2026
Solved

I have a 1099R from fidelity do I have to take out RMD if I get a monthly check from them

  • May 20, 2026
  • 3 replies
  • 189 views
No text available
Best answer by VolvoGirl

Expert Reviewed

Is it for a pension or 401K or IRA?  Is Turbo Tax asking if you took the RMD?  

 

For a pension, it's whatever they send you. Say all of it is the RMD. If you have a RMD requirement it will ask you if it is the RMD. Say yes and enter the amount from box 1 as the RMD amount. The pension doesn't need to calculate any RMD. Anything your pension pays you is considered to be the RMD. Traditional pensions automatically fulfill the rules of an RMD. So just enter the same amount in box 1 for the RMD for each 1099R.

3 replies

Level 15
May 20, 2026

See above. 

Level 15
May 20, 2026

You’re okay if the total of the monthly checks satisfy your RMD at the end of the year. Be sure you have adequate withholding. 

VolvoGirl
VolvoGirlAnswer
Level 15
May 20, 2026

Expert Reviewed

Is it for a pension or 401K or IRA?  Is Turbo Tax asking if you took the RMD?  

 

For a pension, it's whatever they send you. Say all of it is the RMD. If you have a RMD requirement it will ask you if it is the RMD. Say yes and enter the amount from box 1 as the RMD amount. The pension doesn't need to calculate any RMD. Anything your pension pays you is considered to be the RMD. Traditional pensions automatically fulfill the rules of an RMD. So just enter the same amount in box 1 for the RMD for each 1099R.