I called my Provider and they indicated that I get equal payments each month and have for years now. They said this pension with Johnson and Johnson does not have minimum distribution requirements? I also have an annuity that I set up when I retired in 1985 and do not recall an issue with prior tax return preparation. I tried to follow a lead from your site that said......
1099'R and Required minimum distribution
my
husband and I are both retired from the Federal Government under the
Civil Service Retirement System (not SS). We receive 1099R's. I'm not
sure which of the 3 blocks we should highlight. The options are: (1)
We received all RMD for 2016, (2) We did NOT receive all RMD for 2016,
or (3) We were not required to take an RMD for 2016.
Recommended Answer
I am
assuming you have passed the age of 70 1/2, which is the required age for
the required minimum distributions.
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.
TurboTax is requesting an amount be filled in? This 2017 version of TT did not have "paid periodically in equal amounts", asking for $ in a box?
