topic Annuities and Pensions in Retirement tax questions

Annuities and Pensions

Hanrui — Tue, 10 Mar 2026 07:14:56 GMT

Are required minimum distributions (RMDs) considered to be an annuity or pension for reporting income?

Re: Annuities and Pensions

VolvoGirl — Mon, 26 Dec 2022 20:19:32 GMT

Depends what it is from. Wait for the 1099R you will get in January to report it.

Re: Annuities and Pensions

Hanrui — Mon, 26 Dec 2022 20:22:13 GMT

RMDs are reported on 1099R. But to use TurboTax, is that considered an annuity/pension?

Re: Annuities and Pensions

VolvoGirl — Mon, 26 Dec 2022 20:24:58 GMT

You can enter 1099R and RMD into any Turbo Tax version. RMD can come from IRA or 401K accounts. Pensions don't really have an RMD. Anything your pension pays you is considered to be the RMD. Unless it is a IRA or an Annuity inside a IRA it goes on the Pension and Annuities line. Don't really understand what you are asking?

Re: Annuities and Pensions

NCperson — Tue, 27 Dec 2022 04:17:01 GMT

@Hanrui why does it matter? just data enter the 1099-R upon receipt.

Re: Annuities and Pensions

Critter-3 — Tue, 27 Dec 2022 23:37:02 GMT

All distributions from a pension or annuity are considered the RMD. Only IRA accounts have a true RMD that must be met every year so you will have to answer that question in the TT program.