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I have been getting two pension checks every month for more than ten years. Turbo Tax wants to know how much was RMD. The pension plans say they do not consider them RMD

I will be 74 this summer
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2 Best answer

Accepted Solutions
dmertz
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

I have been getting two pension checks every month for more than ten years. Turbo Tax wants to know how much was RMD. The pension plans say they do not consider them RMD

While the plan might not call them RMDs, they are indeed required distributions under the tax code, so the entire amount is RMD.  Being an RMD simply means that these distributions are not eligible for rollover.

View solution in original post

I have been getting two pension checks every month for more than ten years. Turbo Tax wants to know how much was RMD. The pension plans say they do not consider them RMD

For pension plans .....indicate it is an RMD, and that ALL of it is an RMD.

 

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

View solution in original post

2 Replies
dmertz
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

I have been getting two pension checks every month for more than ten years. Turbo Tax wants to know how much was RMD. The pension plans say they do not consider them RMD

While the plan might not call them RMDs, they are indeed required distributions under the tax code, so the entire amount is RMD.  Being an RMD simply means that these distributions are not eligible for rollover.

I have been getting two pension checks every month for more than ten years. Turbo Tax wants to know how much was RMD. The pension plans say they do not consider them RMD

For pension plans .....indicate it is an RMD, and that ALL of it is an RMD.

 

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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