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rdwilli
New Member

1099R and RMD

I receive many 1099-R's with some are simple Govt and Corporate retirement plans that are not IRAs and pay me every month.  now Turbo Tax seems to want me to treat these payments as an RMD.  Why?  How do I answer the Turbo Tax question?

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1 Reply

1099R and RMD

For regular Pension payments...the total IS the RMD.

 

There is an RMD for these, but you just have no control over it.....BUT, the pension provider is the one responsible for following IRS pension rules.

 

The TTX software starts asking this on any 1099-R once you now reach age 73.

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

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