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New Member
posted Apr 10, 2024 9:26:40 AM

How do I know if the 1099-R gross distribution is a RMD (Required min amount)?

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2 Replies
Level 15
Apr 10, 2024 9:30:52 AM

If it was from a pension it is all RMD.  If it came from a retirement account like an IRA or 401k, and you do not know ---ask the plan administrator.

Expert Alumni
Apr 10, 2024 9:58:01 AM

When you receive a distribution from an IRA, a Form 1099-R is generated at the end of the tax year. 

If the distribution is for your RMD for the year There will be a Code 7 in Box 7 of the form.

 

Please contact us again with any additional questions or to provide some additional details.