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April 11, 2023
Question

Receiving a pension fro FL retirement system and a issue of RMD came fro turbo tax what is RMD

  • April 11, 2023
  • 1 reply
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DoninGA
Employee
April 11, 2023

If you are age 72 or older and receiving a pension payment reported on a Form 1099-R then all of the pension is an RMD.

RMD - Required Minimum Distribution

 

IRS website for information on RMD's - https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-required-minimum-distributions-rmds