We did an RMD from an IRA Account, First Time, and there is no state information on the 1099-R. Is the RMD taxable in Virginia? Thanks, Ray
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1 Best answer
MaryK1
Level 9
Jun 4, 2019 8:53:10 PM
Virginia taxes the RMD the same as other retirement income but you do not have to indicate that it is RMD
2 Replies
MaryK1
Level 9
Jun 4, 2019 8:53:10 PM
Virginia taxes the RMD the same as other retirement income but you do not have to indicate that it is RMD
Bsch4477
Level 15
Jun 4, 2019 8:53:12 PM
Social Security retirement benefits are not taxed in Virginia. Other types of retirement income, such as pension income and retirement account withdrawals, are deductible up to $12,000 for seniors.