Question

Was my pension withdrawl an RMB? What is an OMB?

Forum|Forum|5 years ago
July 4, 2020
1 reply
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TurboTax Deluxe Online

Employee

OMB is just the payer or form #. You mean RMD Required Minimum Distribution. Say all of it is the RMD. If you are 70 1/2 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.

VolvoGirl

Employee

I looked it up. OMB stands for Office of Management and Budget. They produce the IRS blank forms. Most tax forms start with a OMB No. in the upper right.