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tklink88
New Member

How do I kow what my RMD is?

 
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2 Replies
ThomasM125
Employee Tax Expert

How do I kow what my RMD is?

Usually, you can inquire of your retirement fund administrator what your required minimum distribution (RMD) is. Otherwise, you can use this IRS worksheet to calculate it yourself.  

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How do I kow what my RMD is?

@tklink88 

 

And if it is for a 1099-R you received for a pension you get automatically....monthly....the RMD is just what is showing in box 1 of that 1099-R.

 

For things like actual IRAs, or 401k/TSP accounts....any retirement account where you control when you you take out the $$.....those do require that you arrange to get the proper RMD calculated and issued to you each year.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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