Was my pension withdrawl an RMB? What is an OMB?
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wexit
New Member

Was my pension withdrawl an RMB? What is an OMB?

 
2 Replies
VolvoGirl
Level 15

Was my pension withdrawl an RMB? What is an OMB?

OMB is just the payer or form #.  You mean RMD Required Minimum Distribution.  Say all of it is the RMD.  If you are 70 1/2 it will ask you if it is the RMD.  Say yes.  Anything your pension pays you is considered to be the  RMD.  Traditional pensions automatically fulfill the rules of an RMD.

VolvoGirl
Level 15

Was my pension withdrawl an RMB? What is an OMB?

I looked it up.  OMB stands for Office of Management and Budget.  They produce the IRS blank forms. Most tax forms start with a OMB No. in the upper right.

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