Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
failsafe1
New Member

I don't know what my required minimum distribution is i have always taken more than required. this is the first time i was asked this question

 
2 Replies
Critter
Level 15

I don't know what my required minimum distribution is i have always taken more than required. this is the first time i was asked this question

If this is a regular pension plan then all of your distributions are RMDs.

AmyC
Employee Tax Expert

I don't know what my required minimum distribution is i have always taken more than required. this is the first time i was asked this question

The IRS requires you take a minimum from your retirement accounts. If you are receiving regular monthly payments, you are taking the RMD. If you took money from an IRA, the bank or broker would tell you the amount that needs to be taken.

**Join us for our "All about the refund" event, sign up here

**Mark the post that answers your question by clicking on "Mark as Best Answer"

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.63m
Discussions

Manage cookies
v
ABCDEFGHIJKLMNOPQRSTUVWXYZabcdefghijklmnopqrstuvwxyz0123456789-_~