in Education
I have a tax free state pension plan which is a 401(a) plan. I receive monthly payments. I wasn't notified of any specific RMD, but now that I am 70 1/2 the interview is asking me how much of my distribution is required. How do I answer?
You'll need to sign in or create an account to connect with an expert.
Yes.
401(a) retirement plans have minimum required distributions. Since you were taking distributions all year, it is likely that you took the minimum distribution for 2017. I would call the plan administrator to confirm what the required minimum distribution amount was and that it was distributed to you. If it was, you can choose an appropriate option in TurboTax that will show you took your required minimum distribution.
For the answers, you can do as follows:
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
hillite
Level 3
in Education
Pamela52
New Member
normbarbee50
New Member
madkiwis
Level 3
Tuser101
New Member
in Education