Pension Required Minimum Distribution

Yes, you need to worry, as the penalty for not taking RMDs is severe (50% of the shortfall).

Here is the IRS FAQ on RMDs.

Note that the first section is about tax law changes affecting RMDs that were very recently passed. Even many websites may not be updated for this.

Note that if your late husband had "basis" in his pension (after-tax contributions that he made while he was employed), that you should tell TurboTax about this while entering the 1099-R information - otherwise you may be paying too much tax.

Although TurboTax is primarily designed for the do-it-yourself taxpayer, you may find the ability to speak to a CPA or Enrolled Agent on the phone to be advantageous, especially in this first year. Please see TurboTax Live and How it works, to see if you would want to add this service to your selection.

The advice for pensions is incorrect and people are being given bad advice.   You need to take a RMD out of your 401K or other retirement savings accounts past 70 1/2.  I do NOT need to take RMD out of my  pension fund where I get regular payments.  (This may have to do with the IRA/SEP/SIMPLE box not being checked).   Turbo Tax gets so far that then it starts treating my 1099R for my pension like my retirement savings asking questions like "was this withdrawal an RMD for 2019"   Then it says under the answer for: "No none of this withdrawal was an RMD.   (This is not common)"  There words not mine.

Yes it is very common for a pension.  The next page gives you 2 choices 1- moved it etc. or 2 Did something else with it (cashed out, etc.)  I didn't "cash it out".  It was pension payments which continue until I die.  But this was the best of the two.  And why does it then ask about Disaster payments?  This section of Turbo Tax needs work.

I receive a monthly amount from my pension not sure about the RMD.I take it all the live on?not sure how to answer the question on how much is for RMD??????