RMD

[tbell12]

how do i know how much of the amount reported on my 1099-R was from RMD?

[macuser_22]

Virtually all pension plans, defined contribution plans, and annuities in existence today fall under section 401 of the tax code.

Required minimum distributions for defined benefit plans and annuity contracts all require RMD's after age 70 1/2.  If you receive periodic (monthly) payments from any pension plan you can be assured that the custodian of the plan is meeting the requirements so you can safely answer "yes" to the question.

The rules that the plan administrator must use to calculate the RMD as required by §401(a)(9) are defined in § 1.401(a)(9)-6) of the Internal Revenue Code (IRC).

The answer to the question does not go on your tax return, it is simply to make sure you do not owe any penalty for not taking the RMD or use it for an ineligible rollover.

The question is just to be sure that the requirement was met.

https://ttlc.intuit.com/replies/3302117

[tbell12]

thank you when i called they told me i was already taking more then the required amount so my question is how do i know how much of it was rmd as it asks on turbo tax how much of the disbursement was from RMD ? 

[macuser_22]

For what kind of account?  401(k), IRA, other?

The actual amount of RMD only matters if the excess that was more than the RMD was rolled in to another retirement account.  Since no part of a RMD is eligible for rollover, the amount of RMD must be entered.  In all other cases if more then the RMD was distributed just saying it was all a RMD will make no difference since nothing about the question goes on a tax return at all.