pension plan

when I enter my pension plan it asks me how much was an RMD...this is a monthly qualified

pension....why is it asking me this ? I did get an RMD from my IRA and entered it.

What do I do ?

Level 15

Just say it satisfies your RMD and continue on your way.

Level 2

This is a ridiculous response. There is a software issue and it should be solved. The SW should be updated.

Not a solution

Level 7

The program ask this question because of the RMD rules.

The Required Minimum Distribution (RMD) rules apply to:

All employer-sponsored retirement plans, including profit-sharing plans, 401(k) plans, 403(b) plans, and 457(b) plans.
Traditional IRAs and IRA-based plans such as SEPs, SARSEPs, and SIMPLE IRAs.
Roth 401(k) accounts.

If you are receiving your monthly pension check, then yes, you are receiving the RMD.

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3 replies