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where do I find the amount of RMD I received last year? I do not see it on my 1099-R.

 
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Accepted Solutions
MaryK4
Expert Alumni
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

where do I find the amount of RMD I received last year? I do not see it on my 1099-R.

You can find your RMD on your Form 5498, Box 12b.  Unfortunately the 5498 is not due to you until May so it may not be available yet.  Most financial institutions include your calculated RMD on your December 31 year-end statement or your January monthly statement, and you can always contact your trustee to get the amount.  

 

 

 

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SteamTrain
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

where do I find the amount of RMD I received last year? I do not see it on my 1099-R.

@onthehill1 

 

If the 1099-R is form your pension that you receive monthly....then the RMD is whatever is in box 1 of that 1099-R form.

_______________

You only need to calculate, to make sure you take an RMD each year, is for retirement accounts that you have control over deciding when, and how much $$ to take out each year.  Like traditional IRAs, or 401k/TSP accounts.  Those you do have control over how much you remove each year.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

View solution in original post

2 Replies
MaryK4
Expert Alumni
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

where do I find the amount of RMD I received last year? I do not see it on my 1099-R.

You can find your RMD on your Form 5498, Box 12b.  Unfortunately the 5498 is not due to you until May so it may not be available yet.  Most financial institutions include your calculated RMD on your December 31 year-end statement or your January monthly statement, and you can always contact your trustee to get the amount.  

 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
SteamTrain
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

where do I find the amount of RMD I received last year? I do not see it on my 1099-R.

@onthehill1 

 

If the 1099-R is form your pension that you receive monthly....then the RMD is whatever is in box 1 of that 1099-R form.

_______________

You only need to calculate, to make sure you take an RMD each year, is for retirement accounts that you have control over deciding when, and how much $$ to take out each year.  Like traditional IRAs, or 401k/TSP accounts.  Those you do have control over how much you remove each year.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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