RMD's not properly marked

Forum|Forum|3 years ago
January 27, 2023
1 reply
26 views

Using Turbotax 2022 Desktop on Windows. We have several 1099-R's some of which are IRA's and some are pensions. A question is asked, "Is this an RMD?". If I mark any one of them as an RMD, they ALL get marked as an RMD. If I edit the pension to indicate it is not an RMD, then they all flip back to not being RMD's, even though some of them are. I've tried entering one, saving, closing and restarting, and then entering the next, but no dice: any change in one changes them all. Got to be a bug!

Best answer by VolvoGirl

For pensions.......

Say all of it is the RMD. If you are 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.

MarilynG

Level 15

It's okay to indicate that all 1099-R's are RMD. If you're at the age to be required to receive RMD's all your Payors are responsible for distributing the RMD's to you, so all 1099-R distributions can be indicated as RMD's.

Click this link for more info on RMD's.

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fztilmanAuthor

Level 2

I'm sure this is wrong. Some of these are not tax deferred accounts at all. Some are straight up, old fashioned, NOT tax deferred pensions. I can't leave my IRA's without an RMD just because I get a pension that is not a withdrawal from an IRA!