Where do I enter myCSA1099R Pension ?

lornellas — Sat, 01 Jun 2019 06:49:49 GMT

The section that handles 1099's talks of RMD's. This is my Civil Service Pension . No RMD's are involved.

1099-R CSA is entered as follows: Federal Taxes Wages &...

MargaretL — Sat, 01 Jun 2019 06:49:51 GMT

1099-R CSA is entered as follows:

Federal Taxes
Wages & Income
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. 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.

As to the RMD question: 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. 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.

topic Where do I enter myCSA1099R Pension ? in Retirement tax questions

Where do I enter myCSA1099R Pension ?

1099-R CSA is entered as follows: Federal Taxes Wages &...