JamesG1
Expert Alumni

Retirement tax questions

Required minimum distribution (RMD) is the minimum withdrawal you are required to take out of your IRA (including SEPs, SARSEPs, and SIMPLE IRAs) or employer-sponsored retirement plan (such as pension, profit-sharing, 401(k), 403(b), or 457(b) plan), starting at a certain age.

 

See this TurboTax Help.


What is the nature of the pension distribution that TurboTax is asking about?  If the pension distribution is one of those listed above, the pension plan is subject to a required minimum distribution.

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