Where do I find the RMD (required minimum distribution) for NC's pension plan?

[secrest]

I don't have an Account Balance and do not know how to figure the RMD

[VolvoGirl]

Say all of it is the RMD.  When you turn 72  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. So for the RMD question put in the same amount as box 1.

[secrest]

Thank you for the information. What you suggested worked eventually, even though there obviously was a glitch with Turbo Tax. It continued to say that section “Needs Review.” I finally just ignored that and was able to get tax return filed. 

[SteamTrain]

@VolvoGirl 

Maybe time to change that RMD age to 73?

[secrest]

I knew the age was 73 for RMD. Interestingly enough, I turned 73 in 2023 yet I was not questioned by Turbo Tax last tear about RMD.

[VolvoGirl]

Think I will leave it at 72 for awhile.  It shouldn't make a difference.  It will still cover people who turn 73.

IRS Pub 590B https://www.irs.gov/pub/irs-pdf/p590b.pdf says…….
Your required beginning date. The date you must begin receiving RMDs is determined by the date you reach age 72. See the following to determine your applicable required beginning date.

Age 72 after December 31, 2022. If you reach age 72 after December 31, 2022, you must begin receiving required minimum distributions by April 1 of the year following the year you reach the age 73.

Age 72 in tax years 2020, 2021, or 2022. If you were born after June 30, 1949, you must begin receiving required minimum distributions by April 1 of the year following the year you reach age 72.