Required Minimum Distribution

seamans — Fri, 26 Mar 2021 18:26:13 GMT

Turbo Tax ask is I wanted to use my pension from State of Kansas (KPERS), for my Required Minimum Distribution. Can I actually do that? If so how do I use it to calculate my total RMD?

Seamans

Re: Required Minimum Distribution

JohnB5677 — Sun, 28 Mar 2021 14:22:09 GMT

If TurboTax is asking about an RMD requirement and it involves a pension account it is probably be cause the IRA box was checked off back when you entered your 1099-R.

Go back to the entry screen for the 1099-R and confirm that the IRA box is not checked.

This is how to post a 1099-R

Login to your TurboTax Account
Click "Wages & Income" on the top
Scroll down to "IRA, 401(k), Pension Plan Withdrawals (1099-R)"
Answer "Yes" to the question "Did You Have Any of These Types of Income?"
Click "I'll Type it Myself"
Choose "Form 1099-R, Withdrawal of Money from 401(k) Retirement Plans, Pensions, IRAs, etc."
Click "Continue"
From here TurboTax will walk you through entering your Form 1099-R

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Required Minimum Distribution

Re: Required Minimum Distribution