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Once you get to age 70.5, the software will ask about receiving the RMD for any standard 1099-R...pension or IRA.
Yes, a pension does have an RMD, you just have no control over it. The pension plan is required to meet certain Federal distribution requirements.....but that's between the Pension administrators ad the Feds..
....was your Oregon pension payout an RMD? YES it was ...and all of it was an RMD, and you received all of the RMD from that 1099-R. The only exception where it might not be is if you take a lump sum to roll into another account and terminate your Pension plan...but most pension plans don't allow that once they start their monthly payments
(If you have an IRA account, or 401k account, those RMDs have to be handled by you separately)
Once you get to age 70.5, the software will ask about receiving the RMD for any standard 1099-R...pension or IRA.
Yes, a pension does have an RMD, you just have no control over it. The pension plan is required to meet certain Federal distribution requirements.....but that's between the Pension administrators ad the Feds..
....was your Oregon pension payout an RMD? YES it was ...and all of it was an RMD, and you received all of the RMD from that 1099-R. The only exception where it might not be is if you take a lump sum to roll into another account and terminate your Pension plan...but most pension plans don't allow that once they start their monthly payments
(If you have an IRA account, or 401k account, those RMDs have to be handled by you separately)
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