Skip to main content
Level 1
June 6, 2019
Solved

Teachers Retirement Pension

  • June 6, 2019
  • 1 reply
  • 0 views

 When entering teachers retirement pension (1099-R) into turbo tax, I am asked if this was an RMD.  I assume "no" but the entry form cautions that this is uncommon. The money was just monthly pension from the Teachers Retirement of Texas.

    Best answer by

    Say Yes.  When you receive a pension under the normal payout period figured by the pension administrator, it meets the RMD requirements.

    1 reply

    Answer
    June 6, 2019

    Say Yes.  When you receive a pension under the normal payout period figured by the pension administrator, it meets the RMD requirements.