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nanubuski
New Member

Monthly Penson payments RMD

I don't know how to complete page asking for RMD due by Dec.31, 2025 for a Florida Pension Plan with monthy payments

 

 

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1 Reply
MaryK4
Expert Alumni

Monthly Penson payments RMD

In TurboTax, when reporting monthly payments from a traditional pension like the Florida Retirement System (FRS), you should indicate that the entire distribution was your Required Minimum Distribution (RMD). 

 

Unlike an IRA or 401(k) where you must calculate a specific amount to withdraw based on a balance, a defined benefit pension plan automatically satisfies the RMD rules. Since your monthly payments are calculated to last for your lifetime, the IRS considers every penny you receive to be part of your required "minimum" distribution. 

 

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