@emosteve5 wrote:
The responses on this have been very confusing, so I'm not surprised that TT hears about it every year. I called my pension custodian (Prudential) and was told by the first person I talked to "Ask your professional tax advisor." No one could confirm or not that an RMD was being taken out (although another person from Prudential is supposed to call me back). If I tell TT "Yes", then I have to say how much of my annual distribution was an RMD, which I have no way of knowing.
For one thing, there is NOTHING whatsoever on a 1099-R that identifies any distribution as a "pension" so TurboTax has no way to know what the 1099-R is for. Rather than have a lengthy interview that would be just as confusing, TurboTax just asks the RMD question for any 1099-R when age 70 1/2 or more. If you know that the 1099-R is for a pension then it is automatically all a RMD since that is a requirement of the pension trustee, but it is indeed a RMD.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
