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Level 1
February 5, 2021
Question

My salary no longer has a RMD

  • February 5, 2021
  • 2 replies
  • 0 views
my employee contribution was taken several years  ago I no longer qualify

2 replies

AmyC
Level 15
February 5, 2021

For 2020, nobody has an RMD and the answer to the 1099R section would be none for RMD. If this does not answer your question, please give us more information.

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macuser_22
Alumni - Champ
Alumni - Champ
February 5, 2021

Salary's do not have RMDS  - only retirement plans do.     RMD's on IRA's and employer plans like 401(k)'s were waived for 2020, others like pensions, deferred benefit plans, annuity contracts, etc were not waived.

 

What type of distribution are you asking about?

Do you have a 1099-R?  What code is in box 7?

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**