Required Minimum Distribution

Forum|Forum|5 years ago
March 26, 2021
1 reply
5 views

Turbo Tax ask is I wanted to use my pension from State of Kansas (KPERS), for my Required Minimum Distribution. Can I actually do that? If so how do I use it to calculate my total RMD?

Seamans

JohnB5677

Level 15

If TurboTax is asking about an RMD requirement and it involves a pension account it is probably be cause the IRA box was checked off back when you entered your 1099-R.

Go back to the entry screen for the 1099-R and confirm that the IRA box is not checked.

This is how to post a 1099-R

Login to your TurboTax Account
Click "Wages & Income" on the top
Scroll down to "IRA, 401(k), Pension Plan Withdrawals (1099-R)"
Answer "Yes" to the question "Did You Have Any of These Types of Income?"
Click "I'll Type it Myself"
Choose "Form 1099-R, Withdrawal of Money from 401(k) Retirement Plans, Pensions, IRAs, etc."
Click "Continue"
From here TurboTax will walk you through entering your Form 1099-R