@DominicT wrote:
If the Defined Benefit plan (company pension) does not have a total year end value why must i enter the part of my annual pension that is RMD when I fill in the Turbo Tax information. There is no way to calculate it. Checking the box saying the entire amount is not 100% RMD is not true but the only way to get past that screen.
By law, the amount of the years pension must be the RMD amount, no less and no more.
The rules that the plan administrator must use to calculate the RMD as required by §401(a)(9) are defined in § 1.401(a)(9)-6) of the Internal Revenue Code (IRC).
The question is only to be sure that you did not try to make a prohibited rollover.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
