hOW IN THE HELL DO YOU COMPUTE THE RMD FOR YOUR CSF 1099-R?

Forum|Forum|1 year ago
February 27, 2025
2 replies
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NOTHING TELLS YOU THIS INFO. NOTHING ON IRS SITE. NOTHING ON GOOGLE. SHOULD I JUST PUT MY GROSS DISTRIBUTION AMOUNT FOR THE RMD AND CALL IT A DAY?

Best answer by VolvoGirl

Yes put in the amount from box 1 for the RMD. It's whatever they send you. Say all of it is the RMD. If you have a RMD requirement it will ask you if it is the RMD. Say yes and enter the amount as the RMD amount. The pension doesn't need to calculate any RMD. Anything your pension pays you is considered to be the RMD. Traditional pensions automatically fulfill the rules of an RMD. So just enter the same amount in box 1 for the RMD for each 1099R.

VolvoGirlAnswer

Employee

Opus 17

Employee

With a traditional pension, the entire payment is considered an RMD.

An RMD is the amount you must withdraw from a retirement account based on your age and life expectancy, because you are supposed to use up the money in retirement and not leave it untouched for your heirs. Since a traditional pension payout is already based on your age and life expectancy, it is automatically considered to be an RMD and fits the RMD rules.