Solved: Re: Your entire amount is RMD. I am assuming you...
cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
New Member

RMD CSA 1099R how much of the amount is RMD?

How do I answer the follow-up question after "Is all or part of the amount an RMD" (YES) and then it asks how much of the amount is an RMD?
1 Best answer

Accepted Solutions
Highlighted
Level 9

RMD CSA 1099R how much of the amount is RMD?

Your entire amount is RMD.  

I am assuming you have passed the age of 70 1/2, which is the required age for the required minimum distributions. All retirement accounts, even pensions and annuities, must meet the RMD requirements. However, the way the pension plans meet the RMD requirements is by creating an annuity paid periodically.  You may simply select YES to the RMD question (Was this withdrawal RMD and all of this was RMD).  You will also be asked if the amount reported is paid periodically in equal amounts.  By selecting YES the RMD requirements are met and you may continue with the tax preparation.

View solution in original post

5 Replies
Highlighted
Level 9

RMD CSA 1099R how much of the amount is RMD?

Your entire amount is RMD.  

I am assuming you have passed the age of 70 1/2, which is the required age for the required minimum distributions. All retirement accounts, even pensions and annuities, must meet the RMD requirements. However, the way the pension plans meet the RMD requirements is by creating an annuity paid periodically.  You may simply select YES to the RMD question (Was this withdrawal RMD and all of this was RMD).  You will also be asked if the amount reported is paid periodically in equal amounts.  By selecting YES the RMD requirements are met and you may continue with the tax preparation.

View solution in original post

Highlighted
New Member

RMD CSA 1099R how much of the amount is RMD?

Thanks. Great and fast response. I was not sure if all of the distribution is considered an RMD, so will answer Yes.
Highlighted
Level 1

RMD CSA 1099R how much of the amount is RMD?

Yes, I am 80 years old. However this is the first year I've seen the term RMD so different then previous years. Thank you.

 

Highlighted
Level 1

RMD CSA 1099R how much of the amount is RMD?

This was a troubling area for me as well.  Thank you so much for the clarity on this issue.

 

Highlighted
Level 1

RMD CSA 1099R how much of the amount is RMD?

Thank you, I was struggling with this issue as well.

Privacy Settings