I'm entering data from a pension 1099-R form. The program is acting like this is a retirement account, and asking about minimum distribution???

Forum|Forum|7 years ago
June 6, 2019
1 reply
4 views

No text available

TurboTax Free Edition Online

Best answer by SteamTrain

Yeah...you just say that it was an RMD and that you received all of the RMD from that 1099-R.

____________________________________

Once you reach 70.5 years old, the tax software will ask you that.

Even for a pension, an RMD is required....thing is, you have no control over the amount..and the pension administrator predetermines the RMD amount and applies it automatically.

We have asked TTX administrators to add another selection...like "This was a regularly paid pension".....and avoid all the confusions all retirees have. But so far, they don't seem to believe it's needed.

SteamTrainAnswer

Level 15

Yeah...you just say that it was an RMD and that you received all of the RMD from that 1099-R.

____________________________________

Once you reach 70.5 years old, the tax software will ask you that.

Even for a pension, an RMD is required....thing is, you have no control over the amount..and the pension administrator predetermines the RMD amount and applies it automatically.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*