Retirement tax questions

dmertz said (with my annotations in square brackets):

Because RMDs are not eligible for [IRA] rollover, TurboTax ask how much is RMD (a required distribution) only to determine how much the distribution exceeds your RMD and is eligible for [IRA] rollover. 

So the the idea of a RMD here (in the TurboTax software) is only for purposes of dealing with IRA rollovers.

 

But it does looks like the IRS tax code treats pension payments as RMDs.    That seem silly since there's no choice for how much to get paid by your pension.  The minimum is the maximum is the average, etc.  But fine, that's the terminology that's been adopted.

 

But the TurboTax RMD page definitely should be updated to say this.  Here's what it said last year (2022) for me:

RMD_help.png

This is clearly written for IRAs where there's a choice of how much to withdraw.   A sentence should be added saying "For pensions, the RMD is just the total amount of the payment".  Is there anyway to submit this as a bug report?

 

Ben Slade