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dzabilansky
New Member

1099r is for retirement payments and is not an annuity as it is being treated

I have a pension from the state and Turbo tax is treating it like an annuity. This is not correct.  How to I change this?


Then the software takes me down a road of questions about disaster relief and this is not correct either.

1 Best answer

Accepted Solutions
VolvoGirl
Level 15

1099r is for retirement payments and is not an annuity as it is being treated

Say all of it is the RMD.  If you are 70 1/2 it will ask you if it is the RMD.  Say yes.  Anything your pension pays you is considered to be the  RMD.

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2 Replies
Eslinda
New Member

1099r is for retirement payments and is not an annuity as it is being treated

I, too, have posted 1099-R income from a pension but it is being treated as an annuity with needed RMD.  In another place, I get questions about a qualified disaster distribution even after answering "NO"  what to do?  I see two other people have this same question.  Is there any way to actually talk to someone at Turbo Tax so I can move on?
VolvoGirl
Level 15

1099r is for retirement payments and is not an annuity as it is being treated

Say all of it is the RMD.  If you are 70 1/2 it will ask you if it is the RMD.  Say yes.  Anything your pension pays you is considered to be the  RMD.

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