Qualified Retirement Pension plan

[Greywolfia69]

Why is TurboTax asking me about RMD this year for a Pension plan I have been collecting since 2014? It is not an IRA. Prior years it did not. Income is from a Qualified Plan from a former employer.

[DoninGA]

All pension income is an RMD, so where asked if this was an RMD answer Yes.

This question has been in the TurboTax program for years when completing a Form 1099-R.

[VolvoGirl]

It's asking about RMD because you must have turned 70 1/2 or  older during the year.  

[Origin59]

No, this is from my  retirement pension from Ford Motor Company.  It is not an RMD, it's my pension from the qualified employer program, how do I report , it not a rollover either?

Don

[DoninGA]

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@Origin59 wrote:

No, this is from my  retirement pension from Ford Motor Company.  It is not an RMD, it's my pension from the qualified employer program, how do I report , it not a rollover either?

Don

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If you are age 70 1/2 or older all of the pension income is an RMD,  so where asked if this was an RMD answer Yes.

[VolvoGirl · Accepted solution]

Just say YES it is all the RMD.  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.  Just enter the 1099R exactly as shown.