Non RMD pension plan. We have a pension plan that we receive monthly but it is not a 401K plan.

omygosh3 — Tue, 04 Jun 2019 20:21:04 GMT

Since your pension plan is received monthly, your RMD req...

MargaretL — Tue, 04 Jun 2019 20:21:05 GMT

Since your pension plan is received monthly, your RMD requirements are met (it doesn't have to be 404K). I am assuming you have passed the age of 70 1/2, which is the required age for the required minimum distributions. 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 Non RMD pension plan. We have a pension plan that we receive monthly but it is not a 401K plan. in Retirement tax questions

Non RMD pension plan. We have a pension plan that we receive monthly but it is not a 401K plan.

Since your pension plan is received monthly, your RMD req...