My 1099R is for my pension from the federal government. Why is TurboTax asking if my annuity payments are RMDs?

[astrich46]

Is there any connection between my government annuity and an RMD?

[VolvoGirl · Accepted solution]

Say all of it is the RMD. If you are 72 it will ask you if it is the RMD. Say yes. The pension doesn't need to calculate any RMD. Anything your pension pays you is considered to be the RMD. Traditional pensions automatically fulfill the rules of an RMD.

[astrich46]

Thanks.  I don't remember it asking that question in previous years.  Is this new? 

[SteamTrain]

@astrich46 

When did you turn age 72?

Right now, the question is only asked of people who have turned age 72 during the tax year.

(A couple years ago the age cutoff was age 70.5 for that question, but all of those have passed 72 by now too)

[astrich46]

Thanks.  I'm almost 76 and I don't remember getting that question last year or the year before.

Here's another question for you (my last)"

When I finish my tax forms, I get "Check this entry Schedule 8812: Advance Payments Received must be entered" I don't have such a form nor any advance payments. What is it talking about?

[VolvoGirl]

Even if you don't have a child everyone has to answer if they got the Advance Child Tax Credit in case they need to pay any back.  

[astrich46]

Thank you!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[VolvoGirl · Accepted solution]

See this post.  Especially Critter-3 answer with a screen shot

Solved: Filling out 1040-SR. Schedule 8812 was generated,...

EVERYONE  filing a tax return this year will have to visit the CTC section of the program even if they are not claiming any dependents on the 2021 return because the program cannot KNOW who got a CTC advance last year. 

This goes for the third stimulus payment as well  ... EVERYONE will need to answer those RRC questions.