Yes or No for withdrawal RMD?

posted

If you had a distribution from a deferred tax account/retirement account, they ask if that is a required minimum distribution (RMD).

Most of the time, (but not all cases) an RMD is for those attaining the age of 70 1/2 and have to take distributions from an IRA, 401k, or other retirement account.

If the distribution you took was in fact a RMD, or part of it was an RMD, then answer Yes. If the withdrawal was not a RMD, then answer no.

**Disclaimer: Effort has been made to offer correct information; but due to the discussion forum limitations, the poster disclaims any legal responsibility for the accuracy of the poster's response**