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New Member
posted Feb 3, 2025 1:41:22 PM

how to determine RMD on pensions that are marked as all amount received monthly is considered RMD?

i hav e marfked hat all amount received is considered RMD. now i have a question that ask how much is RMD. isn't it obviouste full amount is RMD?

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1 Replies
Expert Alumni
Feb 3, 2025 1:44:17 PM

To the question What is the RMD for your account? enter the amount of the distribution from that pension account.

 

By doing this, you are telling TurboTax that all RMDs are satisfied and TurboTax will not calculate any penalty. The information you entered in TurboTax is to enable TurboTax to calculate any penalty where applicable, and is not reported to the IRS.