Program wants RMD on a pension income. Is that correct?

posted

Connect with an expert

1 Best answer

Accepted Solutions

Program wants RMD on a pension income. Is that correct?

Yes that’s right. Say all of it is the RMD. If you are 72 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.

View solution in original post

2 Replies

Program wants RMD on a pension income. Is that correct?

Just say all is RMD and continue with your return.

Program wants RMD on a pension income. Is that correct?

Yes that’s right. Say all of it is the RMD. If you are 72 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.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post