Did you get a 1099R for the pension?
To enter your retirement income, Go to Federal> Wages and Income>Retirement Plans and Social Security>IRA 401 k) Pension Plan Withdrawals to enter your 1099R.
I've been getting this for years. This isn't about the 1099-R. What's puzzling is TT is asking about RMD ....
it's a monthly distribution that i;ve receved since 2013... but it's trying to pigeonhole this as an IRA... never was,
it is a pension plan distribution.
All the payments from a pension are technically an RMD. Just answer that it was an RMD, and that all of it was an RMD. The RMD amount is the total amount of the distribution.
@Myrosetree wrote:
I've been getting this for years. This isn't about the 1099-R. What's puzzling is TT is asking about RMD ....
it's a monthly distribution that i;ve receved since 2013... but it's trying to pigeonhole this as an IRA... never was,
it is a pension plan distribution.
The idea of an RMD is that you can't let the balance sit indefinitely, you have to withdraw it over your expected life span. Since a defined pension is already calculated (by the payer) to be paid out over your lifetime, it is technically the same as taking an RMD from an IRA. So just answer yes this is an RMD.
You must have turned 72 in 2024. That's when you need to start taking the RMD from IRA and 401K accounts. As answered above just say YES it is the full RMD. Anything your pension pays you is considered to be the RMD. Traditional pensions automatically fulfill the rules of an RMD.