MarilynG1
Expert Alumni

Retirement tax questions

In the MY INFO section where you give your birthdate is how TurboTax decides to present you with the RMD question when entering a 1099-R. 

 

If Turbo Tax is asking if your pension is a RMD say yes.  Anything your pension pays you is considered to be RMD.

 

RMD is taxed the same way as other retirement income.  The IRS just wants you to confirm that you are taking your RMD if you are over 70.5.

 

Click this link for more info on RMD.

 

 

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