1099-R Pension income

[boxer]

When I entered the 1099-R for my company funded pension, Turbo tax ask questions about RMD s.  Does an RMD apply to this type of account?

[VolvoGirl · Accepted solution]

Say all of it is the RMD.   If you are the age required to take a IRA or 401K RMD it will ask you if a pension is the RMD.  Say yes.  Anything your pension pays you is considered to be the  RMD.  Traditional pensions automatically fulfill the rules of an RMD.  So for the RMD question put in the same amount as box 1.

[boxer]

Thanks.