You'll need to sign in or create an account to connect with an expert.
Usually, you can inquire of your retirement fund administrator what your required minimum distribution (RMD) is. Otherwise, you can use this IRS worksheet to calculate it yourself.
And if it is for a 1099-R you received for a pension you get automatically....monthly....the RMD is just what is showing in box 1 of that 1099-R.
For things like actual IRAs, or 401k/TSP accounts....any retirement account where you control when you you take out the $$.....those do require that you arrange to get the proper RMD calculated and issued to you each year.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
rlcary62
New Member
tsr-company
Returning Member
ddsabin
New Member
amoss111
New Member
mac
New Member