1 Best answer
June 3, 2019 10:31 AM
When you are over 70 1/2 you need to withdraw a certain amount from a retirement IRA or fund that was deferred income ( ie. no taxes have been paid on it). RMD is that Required Minimum Distribution. There is a calculation to determine the amount based upon current value of the IRA or fund. I suspect this is not a deferred income, so you would not treat this as part of a RMD.