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Retirement tax questions
It can't be both no and yes. and if no, it can't be ALL. When entering our city pensions, TT asks if the "withdrawal" was an RMD? Then it asks how much of it was RMD. I have a private retirement account, and that fund contacts us and we determine how much to take out each year to meet minimums. However, one does not dictate to the city or state regarding city/state "pensions". Nor does the city/state pension administrator contact us to select how much we want to take out to meet minimums. We don't have a say in that. Is TT not aware that pensions from city/state are run by pension administrators, and we have no communication with them about our pensions and RMD.? Nor are we told how much of our pension is RMD. TT needs to rethink and rework this question, as we are not sure what the answers are, nor do we need issues with the IRS.