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Is the correct answer "entire distribution was RMD" or "only part of distribution was RMD"? I took out more than the minimum.

 
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1 Reply
SabrinaD2
Employee Tax Expert

Is the correct answer "entire distribution was RMD" or "only part of distribution was RMD"? I took out more than the minimum.

If you took out more than the minimum amount you must withdraw each year, the RMD is the minimum amount you must withdraw. Anything above that is not part of the RMD.

 

For more details, check out the IRS FAQs.

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