Military Reserve retirement RMD requirement

Does my reserve military retirement rquire RMD?

posted

If you are receiving those $$, and you are age 73 or older...then the box 1 value on the 1099-R is the RMD.

Pensions automatically distribute the RMD...and whatever they send is the RMD.

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It's only for things like IRA, 401k, TSP accounts where you have to initiate the withdrawal. Those accounts are where you have to be careful to take the RMD....or more.

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

I am filing a North Carolina tax return. I have entered a deduction for military retirement pay. However I am having a problem with the software recognizing this entry.

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Military Reserve retirement RMD requirement