Annuities held in individual retirement accounts (IRAs) or other qualified retirement plans are subject to Required Minimum Distributions (RMDs). This means that you must take a minimum amount of money out of your annuity each year, starting the year you reach age 72 (70 1/2 if you were born before July 1, 1949).
However, since you are receiving periodic payments from this retirement plan you are most likely meeting the Required Minimum Distribution rules, (i.e. it is built into your pension payout).
Pension (defined benefit) distributions automatically factor in RMD's.
TurboTax is just making sure that you're taking the Required Minimum Distribution for people over 70 1/2 (if you were born before July 01, 1949) or 72 if you were born after. You can safely answer this question as yes.
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This can be an oversight for people withdrawing from defined contribution plans such as IRA and 401ks, but it's built in to your pension payout.
You can verify this by asking your plan administrator. It is something they should be calculating.
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