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RMD On a Minnesota state pension

WHY IS TURBOTAX ADDING AN RMD PENALTY TO MY MINNESOTA STATE PENSION THAT DOES NOT HAVE AN RMD REQUIREMENT?

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2 Replies
MayaD
Expert Alumni

RMD On a Minnesota state pension

Monthly payments received from your pension are considered RMDs.

In TurboTax, answer that the whole amount received is RMD and that you have satisfied all RMD requirements.

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RMD On a Minnesota state pension

It didn't help and raise my taxes another $14,000.

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