turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Oct 16 is the IRS deadline–file confidently with expert help. File Now
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

randallbru
Returning Member

We are reporting pension income. Why is this telling us to do RMD?

 
This feature is pending. Thanks for your patience.
Didn't get the answer you wanted? Would you like to view more questions that might be relevant?
1 Best answer

Accepted Solutions
Anita01
New Member

We are reporting pension income. Why is this telling us to do RMD?

If you are age 70 1/2 or older, you're required to take an RMD, even from pensions. The difference is that, if you receive a distribution from a pension plan for your regular annual amount, that distribution meets the RMD requirements, so simply say Yes and enter the full amount as an RMD.

View solution in original post

2 Replies

We are reporting pension income. Why is this telling us to do RMD?

Are you age 70 1/2 or older?
Anita01
New Member

We are reporting pension income. Why is this telling us to do RMD?

If you are age 70 1/2 or older, you're required to take an RMD, even from pensions. The difference is that, if you receive a distribution from a pension plan for your regular annual amount, that distribution meets the RMD requirements, so simply say Yes and enter the full amount as an RMD.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies
v