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Jameslindasvanoe
Level 1

RMD

I was told that my pension from Wisconsin Retirement System is a qualified plan.  Therefore part of the pension is an RMD.  However you are asking for the amount of the RMD in your tax form.  Yet it is not a part of the Form 1099-R.  There is no place on the form that shares that info.  What do I do?  Where do I get this?  or is the agent that I spoke with ill informed and the pension is not a qualified plan?

1 Best answer

Accepted Solutions
ToddL99
Expert Alumni

RMD

All of your pension from the Wisconsin Retirement System is an RMD.

 

The entire amount of a monthly defined pension payment is an RMD (required minimum distribution).  

 

When entering the 1099-R, be sure that the IRA/SEP/SIMPLE box is not checked.

 

When asked "Was this withdrawal an RMD?", the answer is "Yes",  then check "All of this distribution is an RMD." 

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2 Replies
ToddL99
Expert Alumni

RMD

All of your pension from the Wisconsin Retirement System is an RMD.

 

The entire amount of a monthly defined pension payment is an RMD (required minimum distribution).  

 

When entering the 1099-R, be sure that the IRA/SEP/SIMPLE box is not checked.

 

When asked "Was this withdrawal an RMD?", the answer is "Yes",  then check "All of this distribution is an RMD." 

Jameslindasvanoe
Level 1

RMD

Thanks Todd.  It all can be a bit confusing.

Jim

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