Box 7a and 7b is the same as just box 7 on your form... it simply refers to multiple codes in box 7... so, if you have only one code in box 7, just enter it in box 7a... if you have two codes on your form in box 7, you would enter them separately - once code as 7a and 2nd code as 7b.
As to the RMD question - All retirement accounts, even pensions and
annuities, must meet the RMD requirements. However, the way the pension plans meet the RMD
requirements is by creating an annuity paid periodically. You may simply
select YES to the RMD question (Was this withdrawal
RMD and all of this was RMD).
You will also be asked if the amount reported is paid periodically in equal
amounts. By selecting YES the RMD
requirements are met and you may continue with the tax preparation.
Note: You are not asking about this... but just in case...TurboTax has a separate entry for the OPM, please be sure to enter our form in the right section:
- Federal Taxes
- Wages & Income
- Scroll down and select IRA, 401(k), Pension Plans. On the screen Tell Us Which 1099-R you Have please be sure to select CSA -1099-R Civil Service annuity or CSF-1099-R Civil Service survivor Annuity. Select Continue and you will see automatically filled in
information on OPM. Select Continue again and you will
see Enter
Annuity Information screen. You
will be prompted to data entry and additional questions about your annuity.
Please be sure to enter all information –
including your contributions- exactly as it appears on the form. This will
ensure proper calculation of the taxable amount.
