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posted Jun 1, 2019 8:28:54 AM

Why does T.T. think the Illinois Teachers Retirement monthly payments are RMDs?

T.T asks, "Was this withdrawal an RMD for 2018" on the page after it asks if it is a "qualified plan". This is confusing and does not make sense to me. It is a standard monthly retirement check. What should I answer?

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1 Best answer
Level 15
Jun 1, 2019 8:28:56 AM

Due to getting monthly answer "Yes" it is all RMD and continue, and "Yes" it is a qualified plan.

TurboTax has to be designed to answer 100's of different tax situations so while some questions, may seem off base to you, they make big differences to others. 

1 Replies
Level 15
Jun 1, 2019 8:28:56 AM

Due to getting monthly answer "Yes" it is all RMD and continue, and "Yes" it is a qualified plan.

TurboTax has to be designed to answer 100's of different tax situations so while some questions, may seem off base to you, they make big differences to others.