How do I answer question on my 1099r, is this a periodic payment
cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
New Member

How do I answer question on my 1099r, is this a periodic payment

I entered my 1099r for rmd,, turbo asks me is this a periodic payment, is it yes or no?
1 Reply
Highlighted
Level 4

How do I answer question on my 1099r, is this a periodic payment

Was it a one time payment? Or will it be periodic per month/year etc... If this is for your RMD every year then it will be periodic and you should answer yes to this question.

Funds that you receive at regular intervals (weekly, monthly, quarterly, annually) over a predetermined period of time, for example, 15 years, or for life. Equal periodic payments are annual withdrawals that you make from a pension plan or 401(k) plan. The amount you withdraw is calculated so that the funds last throughout your expected lifetime. 

Privacy Settings