rhubschman
New Member

I Is money reported on a RRB-1099-R considered to be a RDM?

I am being asked different questions than before on turbo tax. I have been using turbo tax for a number of years and I do not understand why. My husband passed away over ten years ago. The information regarding his retirement is the same. I have never had a question about a  RMD.
Fern
New Member

Retirement tax questions

The money reported on your RRB 1099 R is considered an RMD (required minimum distribution).

RMD is required for all retirement accounts.  That is why Turbo Tax has to ask the question, even for pensions.

For pensions, if it is a qualified plan, the RMD requirement is met because you are receiving periodic payments.  However, if you have the ability to control the payments amount, then you must calculate the proper RMD amount to withdraw.

If you are receiving a pension and cannot change the monthly amount, respond yes that you have taken your RMD for this retirement account.