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Why does TurboTax indicate that our PA Public School Retirement (PSERS) pension requires my wife to take an RMD?

She is 70.5 years old, but the pension pays fixed monthly payments.  The 1099-R lists amounts in box 1, 2a, 4 and 7.  The distribution code in box 7 is "7".

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Level 12

Why does TurboTax indicate that our PA Public School Retirement (PSERS) pension requires my wife to take an RMD?

Yes, the RMD is irrelevant in your situation.  Just say all goes toward your RMD and continue on with the program.

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Level 9

Why does TurboTax indicate that our PA Public School Retirement (PSERS) pension requires my wife to take an RMD?

She is already meeting the RMD requirements by receiving monthly checks.
Highlighted
Level 12

Why does TurboTax indicate that our PA Public School Retirement (PSERS) pension requires my wife to take an RMD?

Yes, the RMD is irrelevant in your situation.  Just say all goes toward your RMD and continue on with the program.

View solution in original post