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512pusher
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Does a defined benefit pension require rmd?

How do i answer the rmd queston for a defined benefit pension?
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MinhT1
Employee Tax Expert

Does a defined benefit pension require rmd?

Yes. In TurboTax, indicate that the amount received form your defined benefit pension is all RMD.

 

The IRS says:

 

A defined benefit plan generally must make RMDs by distributing the participant’s entire interest as calculated by the plan’s formula in periodic annuity payments for:

  • the participant’s life,
  • the joint lives of the participant and beneficiary, or
  • a "period certain."

Please read this IRS document for more information.

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