topic Re: RMD in Retirement tax questions

RMD

breadalone — Sun, 02 Feb 2025 00:37:05 GMT

The TT program asks for the REQUIRED MINIMUM DISTRIBUTION on my retirment distributions, but with no instructions on how to determine this. Please advise.

Re: RMD

VolvoGirl — Sun, 02 Feb 2025 00:39:58 GMT

Did you get a Pension? It's whatever they send you. 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.

Re: RMD

breadalone — Sun, 02 Feb 2025 01:29:39 GMT

Thank you for the quick response!