I received a 1099R from an insurance company who is managing the distribution of my fixed monthly income for this pension. I entered all the information that Turbotax asked for including the amount in box 1 of the 1099R. Now Turbotax is asking for how much of this amount listed in box 1 is the RMD. I don't know the answer to that. Do I just enter the amount in box 1 of the 1099R? Do you think that the amount in box 1 equals or exceeds what the RMD is? Thanking you in advance.
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@VolvoGirl Found that leaving the amount $0 or use the amount from box 1 of the 1099-R gets the same result.
Yes enter the amount from box 1.
Leave the amount $0 since this is from a pension plan. Continue with this section until it completes.
@VolvoGirl Found that leaving the amount $0 or use the amount from box 1 of the 1099-R gets the same result.
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