@ebakhd wrote:
How can regular monthly payments from a defined benefit pension plan be technically considered an RMD, when there is no requirement involved? Is this stupid IRS nonsense? Or is this a stupid TurboTax idea to ask unnecessary and irrelevant RMD questions about payments from a defined benefit plan?
It is what the tax law says.
The rules that the plan administrator must use to calculate the RMD for a defined benefit plan as required by §401(a)(9) are defined in § 1.401(a)(9)-6) of the Internal Revenue Code (IRC).
The answer to the question does not go on your tax return, it is simply to make sure you do not owe any penalty for not taking the RMD or use it for an ineligible rollover.
**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.**
