Retirement tax questions


@DaveCrook wrote:

I have been retired for 10 years and began drawing on my pensions since age 65. I receive monthly payments from my pensions. Since I am now 72 when I enter theses 1099-Rs on my tax software do I classify the total payout of each as RMDs?

 

Thank you...

Dave C.


A traditional pension meets the rules of an RMD.