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Question

If there is no account balance (on a military retirement account) how is the RMD calculated?

Forum|Forum|1 year ago
January 16, 2025
1 reply
0 views

This tax program asks for RMD on military retirement , no such animal.

Employee

It's whatever they send you. Say all of it is the RMD. If you are 73 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.