Retirement tax questions


@Sprite836 wrote:

My dad receives 2 pensions -- TMRS and Teamsters.  He does not pay taxes on it.  They are not 401Ks or IRAs.  Should I still put yes to say if RMD -- and then select All.  Then it asked if it was converted or cashed out?  What is appropriate.  He is well over 70 1/2 years old.

 


For any kind of traditional pension, where the payment is determined by age and service and payments stop at death, the plan is automatically assumed to meet IRS rules for RMDs.