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randallbru
Returning Member

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

 
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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.

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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.

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