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New Member
posted Jun 4, 2019 1:55:29 PM

I have a 1099-R that reflects my Boeing Retirement Income. This is not a 401K and therefore RMD should not be required but your form requires me to id amount of RMD.

How do I post my retirement income without RMD?

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1 Best answer
Level 15
Jun 4, 2019 1:55:30 PM

Virtually all pension plans in existence today fall under section 401 of the tax code and they all require RMD's after age 70 1/2.  The question is just to be sure that the requirement was met.  If you receive periodic (monthly) payments from any pension plan you can be assured that the custodian of the plan is meeting the requirements so you can safely answer "yes" to the question.

The answer to the question does not go on your tax return, it is simply to make sure you do not owe any penalty for not taking the RMD.

https://ttlc.intuit.com/replies/3302117

1 Replies
Level 15
Jun 4, 2019 1:55:30 PM

Virtually all pension plans in existence today fall under section 401 of the tax code and they all require RMD's after age 70 1/2.  The question is just to be sure that the requirement was met.  If you receive periodic (monthly) payments from any pension plan you can be assured that the custodian of the plan is meeting the requirements so you can safely answer "yes" to the question.

The answer to the question does not go on your tax return, it is simply to make sure you do not owe any penalty for not taking the RMD.

https://ttlc.intuit.com/replies/3302117