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reddepot
Returning Member

Teacher Pension in TurboTax

This year Turbitax aster I had said that my Texas Teacher Oension was a qualified plan asked me detailed required answers to RMD such as much much .  Told me to call my plan administrator.

Why ! It us a monthly pension -

fulfills RND but asks me how much ?

never did this before  .

my plan administrator says that they can’t help me with tax questions .

it is a RND but why would I have to answer that - never did before .

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1 Reply
MinhT1
Expert Alumni

Teacher Pension in TurboTax

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 your RMD is equal to the total received. 

 

This way, TurboTax will know that you have satisfied all RMD requirements.

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