City retirement plan was switched from one investment affiliate to a new one. Is it RMD

nanalee32 — Sat, 01 Jun 2019 05:02:08 GMT

When adding the new 1099 info was asked if this is RMD. It's just my monthly retirement check.

Yes, it is RMD. I am assuming you have passed the age of...

MargaretL — Sat, 01 Jun 2019 05:02:10 GMT

Yes, it is RMD.

I am assuming you have passed the age of 70 1/2, which is the required age for the required minimum distributions.

All retirement accounts, even pensions and annuities, must meet the RMD requirements.

However, the way the pension plans meet the RMD requirements is by creating an annuity paid periodically (in your case monthly. Therefore, you may simply select "yes" to the RMD question (Was this withdrawal RMD and all of this was RMD). You will also be asked if the amount reported is paid periodically in equal amounts. By selecting "yes" the RMD requirements are met and you may continue with the tax preparation.

topic City retirement plan was switched from one investment affiliate to a new one. Is it RMD in Retirement tax questions

City retirement plan was switched from one investment affiliate to a new one. Is it RMD

Yes, it is RMD. I am assuming you have passed the age of...