Yes, even a CSA retirement has an RMD requirement.
All
retirement accounts, even pensions and annuities, must meet the RMD
requirements.
However,
the way the pension plans meet the RMD requirements is by creating an annuity
paid periodically (in your case monthly. Therefore, you may simply select
"yes" to the RMD question (Was
this withdrawal RMD and all of
this was RMD). You will also be asked if the amount reported is paid
periodically in equal amounts. By selecting "yes" the RMD
requirements are met and you may continue with the tax preparation.
Please be sure, though that 1099-R CSA is entered in
the correct section, and not as a regular pension.
Please
follow the steps below to enter CSA 1099-R.
1. Federal Taxes
2. Wages & Income, Jump to Full list
3.
Scroll down and select IRA, 401(k), Pension
Plans. On the screen Tell Us Which
1099-R you Have please be sure to select CSA-1099-R Civil Service annuity (if you
are the original owner and not the survivor) or CSA-1099-R Civil Service survivor annuity (if you are
survivor, but not the original owner). Select Continue and you will see automatically filled in information
on OPM. Select Continue again and
you will see Enter Annuity Information screen.
You will be prompted to data entry and additional questions about your annuity.
Please be sure to enter all information – including your contributions- exactly
as it appears on the form. This will ensure proper calculation of the taxable
amount.
