Question

Is RMD considered after my husband has been getting Retirement for 10+ years & just turned 73 in 2022?

Forum|Forum|3 years ago
February 17, 2023
2 replies
0 views

Turbo Tax asks the question is this withdrawal RMD. He gets a monthly payment.

TurboTax Online

Employee

Say all of it is the RMD. If you are 72 it will ask you if it is the RMD. Say yes. Anything your pension pays you is considered to be the RMD. Traditional pensions automatically fulfill the rules of an RMD.

E

ErnieS0

Yes. All your pension income counts as a required minimum distribution because you get a fixed amount, unlike an individual retirement account where you decide how much you want to take out.

See Are pension payments considered RMDs?

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