topic On a company monthly pension, why does turbo tax ask if the total yearly amount was your entire RMD, was a partial part of your RMD, or was none of RMD? in Retirement tax questions

On a company monthly pension, why does turbo tax ask if the total yearly amount was your entire RMD, was a partial part of your RMD, or was none of RMD?

joerjackson — Mon, 09 Mar 2026 06:17:56 GMT

Re: On a company monthly pension, why does turbo tax ask if the total yearly amount was your entire RMD, was a partial part of your RMD, or was none of RMD?

VolvoGirl — Wed, 09 Feb 2022 03:46:33 GMT

Say all of it is the RMD. If you are 70 1/2 it will ask you if it is the RMD. Say yes. Anything your pension pays you is considered to be the RMD. Traditional pensions automatically fulfill the rules of an RMD.

Re: On a company monthly pension, why does turbo tax ask if the total yearly amount was your entire RMD, was a partial part of your RMD, or was none of RMD?

dmertz — Wed, 09 Feb 2022 04:00:54 GMT

When TurboTax asks how much of the distribution is RMD, what TurboTax is really asking is how much of this distribution is not eligible for rollover (in case you subsequently try to report some of this distribution as having been rolled over). Pension payments are not eligible for rollover, so all of this distribution is ineligible for rollover.

Re: On a company monthly pension, why does turbo tax ask if the total yearly amount was your entire RMD, was a partial part of your RMD, or was none of RMD?

joerjackson — Wed, 09 Feb 2022 23:40:16 GMT

Thanks

Re: On a company monthly pension, why does turbo tax ask if the total yearly amount was your enti...

DaveF1006 — Thu, 10 Feb 2022 00:33:41 GMT

@joerjackson The reason why it asks you this question is, If you have an RMD requirement this year, Turbo Tax wants to know if this distribution satisfied your entire RMD requirement this year or only partially. This is important because if it is only a partial distribution, then a 50% tax penalty will be assessed against the amount that should have been taken but wasn't.

Re: On a company monthly pension, why does turbo tax ask if the total yearly amount was your enti...

dmertz — Thu, 10 Feb 2022 16:19:29 GMT

@DaveF1006 , that's a different question asked by TurboTax after clicking the Continue button on the page that lists the Forms 1099-R that have been entered, not the TurboTax question being asked about in this thread which is asked during the entry a a particular Form 1099-R.