topic Pension RMD after death in Retirement tax questions

Pension RMD after death

jmacorless — Fri, 06 Mar 2020 21:55:53 GMT

My husband died 4 years ago. He had received a small monthly pension from a former employer. Out of the blue, this year I received a check in the mail. The 1099R I received says in box 7 (4) which is Death. I had heard nothing from them after I let them know he had died. on TurboTax, it asks if this was a RMD and that one was due. He was born in 1937, i was born in 1948. I have figured the RMD on my money but not this one. Do i need to pay on this. He had opted to receive monthly payments with them to not continue after he died.

Re: Pension RMD after death

MinhT1 — Fri, 06 Mar 2020 22:12:38 GMT

If this is the payment of the final balance of your husband's pension, then you can answer that this is a RMD and that you have satisfied all your RMD requirements.

Re: Pension RMD after death

Opus 17 — Fri, 06 Mar 2020 22:21:36 GMT

When a pension is annuitized (distributed in equal monthly amounts stopping at death) then the payments automatically satisfy RMD rules.

Re: Pension RMD after death

jmacorless — Fri, 06 Mar 2020 22:44:25 GMT

This applies to the check I received over 4 years after his death? ive not received ano other paymenta after his death.

Re: Pension RMD after death

Opus 17 — Fri, 06 Mar 2020 22:47:37 GMT

@jmacorless wrote:

This applies to the check I received over 4 years after his death? ive not received ano other paymenta after his death.

Yes. Whatever this is (a final missed payment, or the remaining balance in the pension fund), an annuitized pension plan is deemed to be compliant with RMD rules.