turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

rbiz51
New Member

Can I calculate my mrd on a retirement account without knowing the total?

I have a government retirement that has no way of finding balance.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

Can I calculate my mrd on a retirement account without knowing the total?

Say all of it is the RMD.  When you turn 72  it will ask you if it is the RMD.  Say yes.  Anything your pension pays you is considered to be the  RMD.  Traditional pensions automatically fulfill the rules of an RMD. So for the RMD question put in the same amount as box 1.

 

One reason it might ask is to determine if your 1099R is eligible to roll over to another qualified retirement account.  Which a RMD is not eligible.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question