Have reached age 70 1/2 under NC TSERS a 401a qualified plan which pays a "Maximum Allowance" monthly benefit. Is my 2017 income also my RMD? 1099R doesn't specify

[bobcat102713]

Current state plan administrators have never been asked about 70 1/2 aged recipients needing RMD verification for federal taxation.  The "plan" doesn't address a need for RMD except for early withdrawals from the plan or funds abandoned in the plan.  Does the method of payout (monthly, substantially equal payments for life) obviate the need for RMD calculation, payment if required, and federal taxation?  The TT questions about the income's being RMD on reaching 70 1/2 aren't addressed within the plan, and TT " help" doesn't hit the issue squarely either.

[Critter · Accepted solution]

If your plan pays out a set amount to be paid  then the payments do satisfy  the RMD  so just answer yes to that question.