pension plan 1099r

SueStabach · ‎March 17, 2020

my husbands pension plan pays monthly payments and federal taxes are taken out when input the information it asks what portion of the total amount is RMD its my husbands tax info and pension he's 76 I Didn't know pensions had required minimum distribution how do I find out about this I called the pension they had no helpful information

KatrinaB48 · ‎March 17, 2020

RMD stands for required minimum distribution. It's the minimum amount of money you're required to take out of your retirement plan once you turn 70 1/2. RMD rules apply to all employer-sponsored retirement plans Follow the directions in this link to determine your husband's required minimum distribution amount:

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pension plan 1099r