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Level 2
April 27, 2021
Question

How can I calculate RMD?

  • April 27, 2021
  • 1 reply
  • 0 views
I called administrator and was referred to IRS Pub 721.  I am trying to determine how to calculate RMD based on info on the 1099.  Is that possible?

1 reply

Alumni - Champ
April 27, 2021

Most RMD's were suspended for 2020.  If you are asking about 2021, see this:

IRA Required Minimum Distribution Worksheet (irs.gov)

Level 2
April 27, 2021

Thanks for the reply.  Am doing taxes for my Dad who passed away in May...  I called administrator and was told IRS pub 721 would be where to find out how to calculate... should I assume zero for 2020?

VolvoGirl
Level 15
April 27, 2021

Yes 0.  When it asks if this is a RMD say NO.  There is no RMD for 2020.  Or was this from a pension?