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Level 1

Question

RMD required amount per year

2 replies
38 views

where do I find my RMD rquired amount per year

TurboTax Deluxe Online

Level 15

Your RMD is generally calculated by your financial institution.

Alumni - Intuit

Your Broker can and will calculate your RMD for the account they manage.

Provided you've received all of your 1099-R's
And you did not take any additional distributions
Your RMD would equal your 1099-R total

The RMD is a portion of your total contributory retirement accounts that you must withdraw each year.

See Calculating the required minimum distribution in Retirement topics - Required minimum distributions (RMDs)
You must make these withdrawals starting at age 73.

The minimum distribution rules apply to these types of plans:

Traditional IRAs
SEP IRAs
SIMPLE IRAs
401(k) plans
403(b) plans
457(b) plans
Profit sharing plans
Other defined contribution plans
Roth IRA beneficiaries

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