Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Feb 20, 2025 7:59:37 AM

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

Is this something new?

0 2 800
2 Replies
Level 15
Feb 20, 2025 8:04:29 AM
Expert Alumni
Feb 20, 2025 8:33:57 AM

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)