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lapla4e
New Member

Have a 1099-R for a pension received thru the year - form treating it as an IRA - - how do I report pension income versus a IRA RMD and avoid 50% tax for IRA tax????

How should pension income be reported - does it require a different Form???
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dmertz
Level 15

Have a 1099-R for a pension received thru the year - form treating it as an IRA - - how do I report pension income versus a IRA RMD and avoid 50% tax for IRA tax????

Your pension distributions are entirely RMD.  Indicate that the distribution is all RMD and the entire RMD required for your pension.

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1 Reply
dmertz
Level 15

Have a 1099-R for a pension received thru the year - form treating it as an IRA - - how do I report pension income versus a IRA RMD and avoid 50% tax for IRA tax????

Your pension distributions are entirely RMD.  Indicate that the distribution is all RMD and the entire RMD required for your pension.

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