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Why do have to know what poition of my distribution was RMD? it is all texed the same

I do not know what our RMD amt is but wa told we took out plenty of money to cover it
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2 Replies

Why do have to know what poition of my distribution was RMD? it is all texed the same

Did you take a distribution from an IRA or 401k plan?  Or did you enter a 1099R for 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 from 1099R box 1 as the RMD amount. 

JohnB5677
Expert Alumni

Why do have to know what poition of my distribution was RMD? it is all texed the same

If you're 73 or older in 2024, you you will have to take an RMD withdrawn by April 1, 2025.

 

Your Broker will typically calculate your RMD. You can get the number from them.

If you are required to take an RMD it will be from all of the retirement accounts you own.

 

You can see the IRA Required Minimum Distribution (RMD) Table for 2024 and 2025

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