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February 19, 2021
Question

Scott gets a retirement check monthly from the IBEW. I marked he received all the RMD for 2020 is this correct?

  • February 19, 2021
  • 1 reply
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box 7 has 7 in it what does that mean?

1 reply

February 19, 2021

Yes. If Scott received his retirement by monthly payments, then all payments are considered as RMDs.

 

In TurboTax, you can answer that the entire distribution was a RMD and that he received all RMD for 2020.

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