For a qualified pension plan monthly distribution, TurboTax allows you to pick "ROLLOVER" when this is not allowed by the IRS....it should tell you this is not allowed!

TurboTom5 · ‎May 23, 2021

Any money from the plan has to be a CONTRIBUTION - will the IRS make a distinction between the two?

macuser_22 · ‎May 23, 2021

Defined benefit plans which are most pensions or periodic payment plans are not eligible for being rolled over. There is nothing on a 1099-R that identifies the type of plan so TurboTax has no way of knowing if it is eligible for rollover or not so it always asks the question.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

fanfare · ‎May 23, 2021

you did not answer YES to the confusing question: is your payment all RMD ?

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For a qualified pension plan monthly distribution, TurboTax allows you to pick "ROLLOVER" when this is not allowed by the IRS....it should tell you this is not allowed!