https://ttlc.intuit.com/community/retirement/discussion/pension-payment-vs-rmd/01/1835894#M118061 <P>I have a pension from a company that I worked for in the past. The payments are based on the time that I worked for them and my pay during that time. When I enter the payments TTax asks me about the RMD. Why is that? I don't get re3ceive an RMD, just the flat amount each month. Since I passed 70 (a while ago) I have been telling TTax that it is the full RMD, but that has always seemed wrong, but alternative is just as wrong. What's up with this. If it were and IRA it wouldn't be an issue, as I would know how to answer.</P> Thu, 28 Jan 2021 01:22:49 GMT Senior K 2021-01-28T01:22:49Z https://ttlc.intuit.com/community/retirement/discussion/pension-payment-vs-rmd/01/1835894#M118061 <P>I have a pension from a company that I worked for in the past. The payments are based on the time that I worked for them and my pay during that time. When I enter the payments TTax asks me about the RMD. Why is that? I don't get re3ceive an RMD, just the flat amount each month. Since I passed 70 (a while ago) I have been telling TTax that it is the full RMD, but that has always seemed wrong, but alternative is just as wrong. What's up with this. If it were and IRA it wouldn't be an issue, as I would know how to answer.</P> Thu, 28 Jan 2021 01:22:49 GMT https://ttlc.intuit.com/community/retirement/discussion/pension-payment-vs-rmd/01/1835894#M118061 Senior K 2021-01-28T01:22:49Z https://ttlc.intuit.com/community/retirement/discussion/re-pension-payment-vs-rmd/01/1835933#M118068 <P>TurboTax only asks the question to determine how much is eligible for rollover.&nbsp; Technically, pension payments <EM>are</EM> required distributions and are not permitted to be rolled over, so just say that these were all RMD.</P> Thu, 28 Jan 2021 01:34:07 GMT https://ttlc.intuit.com/community/retirement/discussion/re-pension-payment-vs-rmd/01/1835933#M118068 dmertz 2021-01-28T01:34:07Z