You'll need to sign in or create an account to connect with an expert.
It depends, your 1099-R issuer is required to follow RMD rules and regulations, so if you received a distribution and you're at least 72 years young, you can be almost certain you received an RMD. Check with your plan administrator if you're still not sure.
Because payments from an annuity are based on your life expectancy, if you received a 1099-R from an annuity, you should say yes, it was your RMD.
If you converted your IRA to an annuity, and you are over your RMD beginning age, it is possible you were required to take an RMD before converting the remaining balance to an annuity. Failing to do this (if required) can lead to penalties. If you are trying to enter your 1099-R forms for the IRAs, we need more information to help.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
user17569186982
New Member
sfretty2012
New Member
Mary_W
Level 1
Ms-Ohio1
New Member
tamtam
Level 2