Here is what just one other post/answer says. And it adds confusion..... Not all pension or 1099-R's are RMD.
Virtually all pension plans in existence today fall under section 401 of the tax code and they all require RMD's after age 70 1/2. The question in TurboTax is just to be sure that the requirement was met. If you receive periodic (monthly) payments from any pension plan you can be assured that the custodian of the plan is meeting the requirements so you can safely answer "yes" to the question.
Are pension plans considered an rmd? The pension plan as an RMD, No. The income form a pension/retirement plan if you are age 70 1/2 or older, Yes all the pension/retirement income is an RMD. 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.
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.
So is it NO and 0. Or yes and ALL.
