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Why does TurboTax ask for RMD for a pension?
I received a 1099-R for a state pension distribution. After putting this form into TurboTax, it asked whether any of this distribution was for an RMD. Because I am older than 70.5 years, TT says I have to take an RMD for this account. I have no idea what the RMD is for this account. Because it is a pension, rather than an IRA, I don't think I have a previous year balance on which to compute a RMD value. I just get a monthly payment for life. What do I do?
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‎February 3, 2019
11:28 AM