I need to know if this was not an IRA is there a RMD amount? Turbo Tax is asking me for a RMD
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Yes the RMD rules apply to all employer sponsored retirement plans, including profit-sharing plans, 401(k) plans, 403(b) plans, and 457(b) plans. You should be able to indicate that all of the disbursement was RMD in TurboTax.
For annuities, the plan sponsor/administrator should calculate the RMD for you. The RMD is generally determined by dividing the adjusted market value as of December 31 of the preceding year by the distribution period that corresponds with your age in the Uniform Lifetime Table.
Yes the RMD rules apply to all employer sponsored retirement plans, including profit-sharing plans, 401(k) plans, 403(b) plans, and 457(b) plans. You should be able to indicate that all of the disbursement was RMD in TurboTax.
For annuities, the plan sponsor/administrator should calculate the RMD for you. The RMD is generally determined by dividing the adjusted market value as of December 31 of the preceding year by the distribution period that corresponds with your age in the Uniform Lifetime Table.
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