I have a 404K ESOP from Verizon, managed by Fidelity Investments. I receive quarterly dividends from this account, and a 1099-R from this account. I want to know if these dividends can be used toward my RMD? The dividend totals are greater than the RMD amount I would owe for the year. Fidelity tells me that the dividends cannot be used toward the RMD, and I will have to take the RMD in addition to the dividends from this account. On the 1099-R form, in Box 7 there is a letter U. Is this significant in not being allowed to used the dividend toward my RMDS? Who determines this…Fidelity, Verizon, or IRS? I would like to use just the dividends to satisfy the RMD. I don’t want to take the dividends and RMD from this account as it would be too much money coming out of this account for the year. Thanks for you help.