The advice for pensions is incorrect and people are being given bad advice. You need to take a RMD out of your 401K or other retirement savings accounts past 70 1/2. I do NOT need to take RMD out of my pension fund where I get regular payments. (This may have to do with the IRA/SEP/SIMPLE box not being checked). Turbo Tax gets so far that then it starts treating my 1099R for my pension like my retirement savings asking questions like "was this withdrawal an RMD for 2019" Then it says under the answer for: "No none of this withdrawal was an RMD. (This is not common)" There words not mine.
Yes it is very common for a pension. The next page gives you 2 choices 1- moved it etc. or 2 Did something else with it (cashed out, etc.) I didn't "cash it out". It was pension payments which continue until I die. But this was the best of the two. And why does it then ask about Disaster payments? This section of Turbo Tax needs work.
