Are RMDs required for non-qualified annuity accounts. I thought RMDs were required for IRA/SEP/SIMPLE annuity accounts.

henry1bc · ‎January 21, 2021

The RMD instructions on the form indicates ALL accounts require an RMD. Is the instrutrions correct or needs clarifcation?

ThomasM125 · ‎January 21, 2021

You are correct, you are not required to make a minimum distribution from a non-qualified annuity. Where are you seeing the instructions that indicate that all accounts require a RMD?

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ThomasM125 · ‎January 21, 2021

You are correct, you are not required to make a minimum distribution from a non-qualified annuity. Where are you seeing the instructions that indicate that all accounts require a RMD?

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henry1bc · ‎January 24, 2021

The instruction is in each individual annuity. It says Is the interest part or all for the RMD. This remark is noted in all IRA/SEP/SIMPLE and non-qualified annuities. Someone should notify TurboTax and make the correction. Meanwhile I'm marking "Yes" - to ALL my annuities.

DavidD66 · ‎January 24, 2021

There are no required minimum distributions for non-qualified annuities.

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Are RMDs required for non-qualified annuity accounts. I thought RMDs were required for IRA/SEP/SIMPLE annuity accounts.