turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

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

su_watson
New Member

If income is from a government job annuity, not an IRA, should I use a RMD calculation tool designed for IRAs or does RMD only apply to IRA retirement income?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
KrisD15
Expert Alumni

If income is from a government job annuity, not an IRA, should I use a RMD calculation tool designed for IRAs or does RMD only apply to IRA retirement income?

Only to IRA.

 

If you only received an annuity from a pension plan, you don't need to worry about taking RMD's. That is already figured in with the amount you receive monthly.

 

If you ALSO have other retirement instruments, such as an IRA,  then YES, you will need to take RMD's because of those additional accounts. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies