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Level 1
April 15, 2026
Question

Monthly Penson payments RMD

  • April 15, 2026
  • 1 reply
  • 14 views

I don't know how to complete page asking for RMD due by Dec.31, 2025 for a Florida Pension Plan with monthy payments

 

 

    1 reply

    MaryK4
    Level 15
    April 15, 2026

    In TurboTax, when reporting monthly payments from a traditional pension like the Florida Retirement System (FRS), you should indicate that the entire distribution was your Required Minimum Distribution (RMD). 

     

    Unlike an IRA or 401(k) where you must calculate a specific amount to withdraw based on a balance, a defined benefit pension plan automatically satisfies the RMD rules. Since your monthly payments are calculated to last for your lifetime, the IRS considers every penny you receive to be part of your required "minimum" distribution. 

     

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