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New Member
posted Apr 12, 2022 6:17:06 PM

I was unware that I had to RMD from pension. Is anybody aware of this? What did you do?

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2 Replies
Expert Alumni
Apr 12, 2022 6:41:19 PM

All retirement accounts, which include IRAs and pensions, have to follow RMD rules once you reach 72 years of age. 

 

To answer the question in TurboTax, you don't have to figure out your RMD. As long as you are receiving periodic payments, you can check yes, because the administrator of your plan has already calculated this. You would also say that all of the distribution is RMD.

Level 15
Apr 12, 2022 6:45:58 PM

Your pension payments ARE the RMD so just answer that it was all a RMD.