When answering a question about when you first received Required Minimum Distributions (RMDs) from a new pension company after a transfer, you should focus on the date when you actually began receiving RMD payments from the new company. Here’s how to approach it:
- Identify the Start Date: Check your records or statements for the first RMD payment issued by the new pension company.
- Clarify the Context: If asked why it wasn’t earlier, you can note the timing of the transfer and that the new company took over responsibility for issuing distributions.
- Keep It Accurate: Provide the exact date or year of the first payment, as this ensures consistency with your tax filings.
If the transfer hasn’t resulted in any RMD payments yet, you could explain that the new company hasn’t issued any distributions yet and provide the details about the transfer date instead. In this case, you will need to provide a written explanation to send with your return. In this case, you will need to print and mail your return, which will include the written explanation.
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