Skip to main content
Level 1
March 19, 2022
Question

How do i know if i received rmd?

  • March 19, 2022
  • 2 replies
  • 29 views
asking me if i received all rmd or not or if i was not required to take

2 replies

Alumni - Champ
March 19, 2022

What type of plan is it, and what is the distribution code in Box 7 of the 1099-R?

VolvoGirl
Level 15
March 19, 2022

Is it a pension?  If it's not an IRA or 401k plan then probably all of it is considered to be the RMD.  Did you tell them how much you wanted to take out?  Or are you getting regular payments like monthly?  

 

For pensions,   If you are 72 it will ask you if it is the RMD. Say yes. 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.