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February 16, 2025
Question

Something about a RMD (whatever that is) seems to be holding up my return. Did I answer a question wrong?

  • February 16, 2025
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    1 reply

    VolvoGirl
    Employee
    February 16, 2025

    RMD is the Required Minimum Distribution you have to take out of your IRA or 401K plans etc.  each year when you reach a certain age like 72 or 73.   When you entered 1099R it would have asked you if it was the RMD and how much.

     

    What did you get a 1099R for?   Even if you just get a pension it’s considered to be the RMD.   Right now there is a problem with the 1099R RMD section.  They are working on it.