Pension distribution

[lawrence_duncan]

Why does TT think the distribution from the Teacher Retirement System of Texas is an IRA distribution?  It wants to know how much of the distribution is a RMD?  Am I missing something???

[VolvoGirl]

Yes that's right.  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.

[mayfireadk]

TT is asking me to enter an RMD amount for my NJ teacher's pension regular distribution. It is my understanding that it is automatically taken but I see no amount. From reading other answers the entire distribution is RMD. I also read that I should check box that says entire amount. There is no checkbox question, only a request for an amount. What amount do I enter?

[RachelW33]

You should enter the full amount from your Form 1099-R, Box 1 as your Required Minimum Distribution (RMD).  As VolvoGirl mentioned, anything your pension pays you is considered to be the RMD.

@mayfireadk 

[mayfireadk]

Thanks. I did a little digging and discovered that TT and the IRS, I guess, considers your entire pension distribution for the year to be an RMD. It would be good if TT would explain that somewhere in the process. This year is the first time we've seen it.