I have a very minor annual pension distribution (L.T. $500) from a bank that was annuitized many years ago. It pays out the same amount every year during my lifetime. This is the first year that TT is asking the following in the applicable Form 1099-R:
- Does the entire gross apply to the 12/31/2024 RMD? Yes or No. (Yes?)
A - Required RMD amount
B - Amount distributed
C - Did you withdraw the remaining RMD during the correction window Yes or No
D - Type of Account: Other
I have a much larger RMD requirement from two IRA accounts (I was 86 at the end of 2024). Does this even enter the picture? Is this annual annuity the amount called for in A above? I presume that B above is the annual amount distributed.
C - Did I withdraw the remaining RMD during the correction window? Don't know what this means. I come up with two yellow boxes on this line whether I answer Yes or No.
D - This is not an IRA account.
Any help is greatly appreciated!
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Issue solved. When I ran the Federal Review at a later time it corrected errors that had been caused by TT, but not removed from the Go to Forms section.
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