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posted May 31, 2019 8:33:42 PM

Since you were over age 70 1/2 in 2016, you needed to take a required minimum amount of money, or required minimum distribution (RMD), What is this?

What is the RMD regarding my 1099-R...from my Department of Defense Annuity Payment?  It mention something about a 50% tax pentalty?

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Level 15
May 31, 2019 8:33:42 PM

The entire gross amount shown on the Form 1099-R is RMD and is the entire RMD required for this pension.