topic Re: RMD and State Pension in Retirement tax questions

RMD and State Pension

lcniece — Mon, 27 Jan 2025 16:37:24 GMT

I am 73 and receive a pension from the Arizona State Retirement System. TurboTax asks for RMD information for this account that simply does not exist due to the way this system is managed. I see a lot of threads from retired state employees regarding this issue with no definitive answers to these two, simple questions:

1. How do I answer if I withdrew RMDs?

2. If needed, how do I calculate the amount?

Nothing in your software answers this question, and I haven't found a definitive answer anywhere on your website.

Re: RMD and State Pension

xmasbaby0 — Mon, 27 Jan 2025 16:42:05 GMT

When you enter information about a pension, say that it was ALL an RMD when it asks about RMD.

Re: RMD and State Pension

MinhT1 — Mon, 27 Jan 2025 16:42:31 GMT

If you receive your pension in monthly payments then all payments are considered RMDs.

In TurboTax, you can answer that the whole sum received is RMD and that you have satisfied all RMD requirements.

Re: RMD and State Pension

lcniece — Mon, 27 Jan 2025 18:24:51 GMT

thanks

Re: RMD and State Pension

mj1942 — Tue, 28 Jan 2025 07:14:52 GMT

A turbo tax representative toid me to check the box that said my pension received was NOT an rmd. My 1099r did not have box 7 checked. NEVER HAS Also i never received a rmd form. So which person is correct

Re: RMD and State Pension

mj1942 — Tue, 28 Jan 2025 08:23:15 GMT

Please ignore my previous post. I realized i posted it under state pension.. I have a company pension. I do not know if that would make a difference.