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RMD and State Pension

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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Accepted Solutions
MinhT1
Employee Tax Expert

RMD and State Pension

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.

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RMD and State Pension

5 Replies

RMD and State Pension

When you enter information about a pension, say that it was ALL an RMD when it asks about RMD.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
MinhT1
Employee Tax Expert

RMD and State Pension

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

RMD and State Pension

thanks

mj1942
Returning Member

RMD and State Pension

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

mj1942
Returning Member

RMD and State Pension

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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