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judyhere
Level 1
June 6, 2019
Solved

RMD & periodic payments

  • June 6, 2019
  • 1 reply
  • 22 views
If you received only the RMD payments from your retirement accounts every year, is that considered periodic payments? The payments come monthly and yearly, but they are always different amounts since the RMD is based on percentages.
Best answer by dmertz

No, these are not a Series of Substantially Equal Periodic Payments.  When TurboTax asks if these were periodic payments, answer No.

1 reply

dmertzAnswer
Level 15
June 6, 2019

No, these are not a Series of Substantially Equal Periodic Payments.  When TurboTax asks if these were periodic payments, answer No.

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