If you are receiving a pension, how to you complete info on RMD?

[wwandjudy]

Pension and RMD

[DanaB27]

RMDs were waived for 2020.The CARES Act provisions apply to most retirement plans, including traditional IRAs, SEP IRAs, SIMPLE IRAs, 401(k) plans, 403(b) plans, 457(b) plans, profit sharing plans and other defined contribution plans. The RMD suspension does not apply to qualified defined benefit plans.

If this applies to you must indicate to TurboTax that none of the distribution was RMD. 

If you returned money (rollover) you can enter this into TurboTax to avoid paying taxes on this amount.

Please follow these steps to enter your 1099-R and a RMD rollover if applicable (step 5):

1. Login to your TurboTax Account 
2. Click on the Search box on the top and type “1099-R”
3. Click on “Jump to 1099-R”
4. Continue until "How much was a RMD?" and select "none"
5. Continue "Tell us if you moved the money through a rollover or conversion" and select "I rolled over some or all of it to an IRA or other retirement account within the time limits (normally 60 days)"
6. Continue answering the questions.

You can verify your entry by looking at your Form 1040 line 5:

1. Click on "Tax Tools" in the left menu
2. Click "Tools"
3. Click "View Tax Summary" in the Tool Center window
4. Click on "Preview my 1040" on the left

 [Edit 1/30/2021 | 1:45pm PST]

[VolvoGirl]

For pensions, 

Say all of it is the RMD.  If you are 70 1/2 it will ask you if it is the RMD.  Say yes.  Anything your pension pays you is considered to be the  RMD.  Traditional pensions automatically fulfill the rules of an RMD.