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New Member
posted Feb 4, 2025 2:35:22 PM

what is the RMD?

how is the RMD distributed?

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1 Best answer
Level 15
Feb 4, 2025 2:45:41 PM

Are you getting a pension?   Say all of it is the RMD. If you have a RMD requirement it will ask you if it is the RMD. Say yes and enter the amount as the RMD amount. The pension doesn't need to calculate any RMD. Anything your pension pays you is considered to be the RMD. Traditional pensions automatically fulfill the rules of an RMD. So just enter the same amount in box 1 for the RMD for each 1099R. 

2 Replies
Expert Alumni
Feb 4, 2025 2:44:11 PM

RMD means Required Minimum Distribution. It is the minimum amount that you have to withdraw from your retirement once you reach age 73.

 

To receive it, you request a distribution of that amount (or higher) from the custodian of your retirement account before the end of the tax year.

 

Please read this TurboTax Help article for more information.

Level 15
Feb 4, 2025 2:45:41 PM

Are you getting a pension?   Say all of it is the RMD. If you have a RMD requirement it will ask you if it is the RMD. Say yes and enter the amount as the RMD amount. The pension doesn't need to calculate any RMD. Anything your pension pays you is considered to be the RMD. Traditional pensions automatically fulfill the rules of an RMD. So just enter the same amount in box 1 for the RMD for each 1099R.