My mom has a state pension. On the 1099-R form it just says "pension payment". The "IRA/SEP/SIMPLE" box is not checked. Do Required Minimum Distribution (RMD) requirements apply to pension payments where the "IRA/SEP/SIMPLE" box is not checked?
Looking around, I found the Retirement Plan and IRA Required Minimum Distributions FAQs page. It asks for the IRA balance for the previous year. But this doesn't make sense for pensions, right?
So if this is a pension, and pensions don't have RMDs, why is TurboTax asking if part or all of the pension payment is an RMD?
Thanks in advance
Ben
