RMD Determination

[macuser_22]

Please elaborate.

Are you trying to find out how much you 2020 RMD will be or something else?

IRA, 401(k), other?

[rjs]

What is your question about RMD determination? This is a message forum, not live chat. You have to post all the details of your question and wait for someone to respond.

You can find a worksheet for calculating your RMD at the following link on the IRS web site.

Required Minimum Distribution Worksheets

[macuser_22]

Duplicate question, answered here:

https://ttlc.intuit.com/community/taxes/discussion/re-rmd-determination/01/982080#M354593

[d-werner243]

I want to know how to figure my RMD for my 401K account.

[SusanY1]

Your Required Minimum Distribution (RMD) amount is calculated by dividing your tax-deferred retirement account balance as of December 31 of last year by your life expectancy factor. Click on the following link for an easy to use worksheet to calculate your RMD: RMD Worksheet.

Note: If you are married and your spouse is more than ten (10) years younger than you, your RMD is calculated differently.  In that case, use this worksheet: RMD Worksheet using the joint-life table.

[macuser_22]

---

@d-werner243 wrote:

I want to know how to figure my RMD for my 401K account.

---

RMD amounts for a 401(k) should be calculated for you by the 401(k) plan administrator.    401(k) RMD's are totally separate from IRA RMD's.

[bobbecker44]

How do I determine how much my RMD is?

[macuser_22]

---

@bobbecker44 wrote:

How do I determine how much my RMD is?

---

RMD for what type of account?  

401(k)'s, pensions, etc are calculated by the plan administrator.

For Traditional IRA's You can ask the financial institution that has the IRA to calculate it for you.    Your total Traditional IRA RMD is the total value of all Traditional, SEP and SIMPLE IRA accounts that you might have as Dec, 31 of the previous year, divided by your live expediency as defined in IRS Pub 590B appendix B:

https://www.irs.gov/publications/p590b#en_US_2018_publink1000231217

[rbryan01]

yes. i just want to know how to calculate the RMD on a single IRA

[macuser_22]

---

@rbryan01 wrote:

yes. i just want to know how to calculate the RMD on a single IRA

---

You can use the IRS publication posted above or ask the custodian of the IRA to do it for you.

It should also be on the 5498 form line 12b issued in May.

[VolvoGirl]

Here is a worksheet to calculate the RMD

https://www.irs.gov/pub/irs-tege/uniform_rmd_wksht.pdf

IRS Publication 590B on IRA Distributions

https://www.irs.gov/pub/irs-pdf/p590b.pdf

[TAXMONEY99ME]

pLEASE TELL ME HOW TO FIGURE MY  RMD  FOR  2020  -

[TAXMONEY99ME]

HOW TO FIGURE MY RMD FOR MY  IRA  ACCOUNT

[TAXMONEY99ME]

TRYING TO FIGURE OUT HOW MUCH MY RMD WILL BE FOR  2020 IN MY  IRA ACCOUNT