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March 22, 2025
Question

When I entered my retirement1099-R from this company, I get a message that I didn't take enough out. This is the amount that I was paid. Why the penalty?

  • March 22, 2025
  • 1 reply
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This is the same amount I have been paid each year since I retired in 2000.

1 reply

DoninGA
Employee
March 22, 2025

If this is a pension and you are age 70 1/2 or older the question asks if this is an RMD.  Answer Yes the entire amount is an RMD.