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Level 1
July 13, 2025
Solved

RMD

  • July 13, 2025
  • 1 reply
  • 5 views

Does the entire amount of my RMD count towards my AGI?

    Best answer by VolvoGirl

    Expert Reviewed

    Yes unless you have a cost basis in the account.   

    Was there withholding taken out?   You didn't actually pay the tax.  You had taxes withheld like from your paycheck. You still have to enter the 1099R and whole gross original amount (before taxes were withheld) with your other income to figure out the total tax (and it may put you into a higher tax bracket) and then the withholding is subtracted from the total tax to figure your refund or tax due.  The gross amount shows up,on 1040 line 4a or 5a and the taxable amount on 4b/5b. The withholding will show up on 1040 line 25b.

    1 reply

    VolvoGirl
    VolvoGirlAnswer
    Level 15
    July 13, 2025

    Expert Reviewed

    Yes unless you have a cost basis in the account.   

    Was there withholding taken out?   You didn't actually pay the tax.  You had taxes withheld like from your paycheck. You still have to enter the 1099R and whole gross original amount (before taxes were withheld) with your other income to figure out the total tax (and it may put you into a higher tax bracket) and then the withholding is subtracted from the total tax to figure your refund or tax due.  The gross amount shows up,on 1040 line 4a or 5a and the taxable amount on 4b/5b. The withholding will show up on 1040 line 25b.