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Teacher Retirement system of texas is monthly pension check not a RMD. Should i answer $0.00?

 
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SteamTrain
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Teacher Retirement system of texas is monthly pension check not a RMD. Should i answer $0.00?

@dcarruth56 

 

Your RMD amount will be the same $$ amount that shows in box 1 of your 1099-R from TRS

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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4 Replies
MinhT1
Employee Tax Expert

Teacher Retirement system of texas is monthly pension check not a RMD. Should i answer $0.00?

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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SteamTrain
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Teacher Retirement system of texas is monthly pension check not a RMD. Should i answer $0.00?

@dcarruth56 

 

Your RMD amount will be the same $$ amount that shows in box 1 of your 1099-R from TRS

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

Teacher Retirement system of texas is monthly pension check not a RMD. Should i answer $0.00?

Yes, thought it was listed as that. I want to get back on and add more.  I need to fill out another form so that we can both deduct $6000 for out social security.  Probably need to pay a little more access. Also need help accessing my account.

CatinaT1
Employee Tax Expert

Teacher Retirement system of texas is monthly pension check not a RMD. Should i answer $0.00?

If you can't sign in at all, you can go to the Intuit Account Recovery page. This requires you to upload a photo of a government-issued ID to verify your identity.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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