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auup
New Member

What is RMD? I dont see it on my 1099 R

Is this something new?
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2 Replies

What is RMD? I dont see it on my 1099 R

https://ttlc.intuit.com/turbotax-support/en-us/help-article/retirement-benefits/rmd/L5Nqogylp_US_en_...

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
JohnB5677
Expert Alumni

What is RMD? I dont see it on my 1099 R

No, it is not new, and it does not appear on the 1099-R.  It is a Required Minimum Distribution.

 

  • If you have a 401-K of IRA, referred to as retirement accounts, the IRS requires you to take an RMD every year.
  • The IRS requires RMDs to ensure that retirement savings are taxed. 
  • This is as opposed to a pension that is paid on a regular basis and typically ends upon death.

If you don't withdraw additional fund from your retirement accounts, the RMD is typically equal to the amount of your distribution.

 

Retirement plan and IRA required minimum distributions FAQs

Retirement topics - Required minimum distributions (RMDs)

 

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