I am 73 and receive a pension from the Arizona State Retirement System. TurboTax asks for RMD information for this account that simply does not exist due to the way this system is managed. I see a lot of threads from retired state employees regarding this issue with no definitive answers to these two, simple questions:
1. How do I answer if I withdrew RMDs?
2. If needed, how do I calculate the amount?
Nothing in your software answers this question, and I haven't found a definitive answer anywhere on your website.
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If you receive your pension in monthly payments then all payments are considered RMDs.
In TurboTax, you can answer that the whole sum received is RMD and that you have satisfied all RMD requirements.
When you enter information about a pension, say that it was ALL an RMD when it asks about RMD.
If you receive your pension in monthly payments then all payments are considered RMDs.
In TurboTax, you can answer that the whole sum received is RMD and that you have satisfied all RMD requirements.
thanks
A turbo tax representative toid me to check the box that said my pension received was NOT an rmd. My 1099r did not have box 7 checked. NEVER HAS Also i never received a rmd form. So which person is correct
Please ignore my previous post. I realized i posted it under state pension.. I have a company pension. I do not know if that would make a difference.
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