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Campster
New Member

What do I do if I get a retirement check from my retirement account, I'm 71 years old and turbo tax wants me to determine if all or any of this check applies to my RMD ?

How do I determine with a retirement account how much goes to my RMD required by the IRS

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What do I do if I get a retirement check from my retirement account, I'm 71 years old and turbo tax wants me to determine if all or any of this check applies to my RMD ?

If this is a 401K or IRA account that you control, the financial institution should tell you each year how much you need to withdraw for your RMD. 

If this is a pension fund, the full amount of the distribution would be an RMD.

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What do I do if I get a retirement check from my retirement account, I'm 71 years old and turbo tax wants me to determine if all or any of this check applies to my RMD ?

If this is a 401K or IRA account that you control, the financial institution should tell you each year how much you need to withdraw for your RMD. 

If this is a pension fund, the full amount of the distribution would be an RMD.

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