Yeah...you just say that it was an RMD and that you received all of the RMD from that 1099-R.
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Once you reach 70.5 years old, the tax software will ask you that.
Even for a pension, an RMD is required....thing is, you have no control over the amount..and the pension administrator predetermines the RMD amount and applies it automatically.
We have asked TTX administrators to add another selection...like "This was a regularly paid pension".....and avoid all the confusions all retirees have. But so far, they don't seem to believe it's needed.
Yeah...you just say that it was an RMD and that you received all of the RMD from that 1099-R.
____________________________________
Once you reach 70.5 years old, the tax software will ask you that.
Even for a pension, an RMD is required....thing is, you have no control over the amount..and the pension administrator predetermines the RMD amount and applies it automatically.
We have asked TTX administrators to add another selection...like "This was a regularly paid pension".....and avoid all the confusions all retirees have. But so far, they don't seem to believe it's needed.
MARCH 2018 AND STILL NOT FIXED. What's so hard about asking the correct question and moving past the RMD section if (a) the assumption is that it's taken care of by plan administrators, (b) you're not going to be given the necessary information to answer accurately, and (c) many of the answers found here are inaccurate, incomplete, or just wrong. Fix it once in the software and stop having to answer the questions! Make life easier and better for all concerned!