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Retirement tax questions
It is not necessary to enter your 1099-R in any particular order. Once your military 1099-R is entered, you may simply select YES to the RMD question (Was this withdrawal RMD and all of this was RMD). You will also be asked if the amount reported is paid periodically in equal amounts. By selecting YES the RMD requirements are met and you may continue with the tax preparation. All retirement accounts, even pensions and annuities, must meet the RMD requirements. However, the way the pension plans meet the RMD requirements is by creating an annuity paid periodically. Once you answer the questions as above, you met the requirements, nothing additional is needed.
Your other 1099-R showing "real" RMD is entered as usual.
‎June 6, 2019
3:34 AM
4,089 Views