You'll need to sign in or create an account to connect with an expert.
Please explain what you mean when you say it "takes the IRA route?" Are you referring to the question about an RMD? When you are entering the 1099R for a pension you just need to say it was all an RMD.
All 1099R forms are entered the same way and same place. The only thing that tells it is an IRA is the checkmark in the little IRA/SEP/SIMPLE box between boxes 7 & 8. If it's asking for the RMD for a pension it's whatever they send you. Say all of it is the RMD. If you have a RMD requirement it will ask you if it is the RMD. Say yes and enter the amount as the RMD amount. The pension doesn't need to calculate any RMD. Anything your pension pays you is considered to be the RMD. Traditional pensions automatically fulfill the rules of an RMD. So just enter the same amount in box 1 for the RMD for each 1099R.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
boogiesurf
New Member
MaryY1
Returning Member
MaryY1
Returning Member
MaryY1
Returning Member
wittpa
New Member