Required Minimum Distribution 1099R

dduffie1040 — Thu, 06 Jun 2019 07:16:42 GMT

I retired from the Amer Red Cross...a nonprofit with a Defined Benefit Program. I get a monthly pension. I do NOT think it is an RMD. Can I check the box indicating the $15,154 I received was NOT an RMD and avoid any penalty???

Even defined benefit plans have to meet the RMD requireme...

dmertz — Thu, 06 Jun 2019 07:16:44 GMT

Even defined benefit plans have to meet the RMD requirement of the tax code. It's just not apparent that your pension payments are RMDs since the plan is always set up so that the payments satisfy the RMD requirements.

Simply indicate that the pension payments are all RMD and the entire RMD required of the plan.

topic Required Minimum Distribution 1099R in Retirement tax questions

Required Minimum Distribution 1099R

Even defined benefit plans have to meet the RMD requireme...