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Retirement tax questions
When you enter the 1099R for pension benefits, it will ask if it was an RMD---say yes. All of the monthly pension payments you receive can be called an RMD. However, an RMD is not a deduction. Retirement income is taxable income----NOT a deduction.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
March 18, 2024
6:35 AM