I retired and receive a monthly pension from Calif. Public Employees Retirement Sys. I receive a Form 1099-R.
Every year I use TurboTax and every year I get confused on what I am about to ask:
I enter the Form 1099-R data on this retirement income, then TurboTax starts asking questions "Tell Us More About This Retirement Plan Distribution" It goes on to talk about I need to take a required minimum amount of money ... .
It goes on to say select one of the following:
I received all the required RMD for 2020.
or
I did not receive all the required RMD for 2020,
or
I was not required to take an RMD for 2020.
What is all this about? TurboTax seems to think the 1099-R is for a Traditional IRA, not a retirement pension. How am I supposed to answer these questions?
Did I check a wrong box somewhere?
I go thru this every year.
Glenn
