Thank you! One more question if I may. For "Source of Distribution", the first option states "Military pension or survivor benefits". Does this present 2 military-specific options, "Military Pension" or "Military survivor benefits" or when it references survivor benefits, it's referring to anything inherited and not necessarily military-related? I selected "None of the above" last year but was contemplating if it should have been option one since these are technically survivor benefits. Any clarification is appreciated.
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Hello, I'm new here. Trying to file my mom's taxes and stumbled upon a new question I'm not used to seeing. My mom receives social security benefits along with a pension that she inherited from my dad upon his death in 2015. TurboTax is now asking me if the income she received in 2018 and 2019 from the pension meets the Required Minimum Distribution (RMD). I called the fund that distributes the payments and they had no idea what that was and were just giving me random statements that led to no true answer (yes or no). They simply stated that because she inherited the fund, she's only entitled to 50% of the total fund, and the monthly payment she receives will continue till for the remainder of her life. Is there anything on the 1099-R form that can shed some light to this? Box 7 has a distribution code of 4 which is due to my dad's passing and the IRA/SEP/SIMPLE box is not checked so my understanding is that this fund is not from a traditional IRA, SEP, or SIMPLE distribution - does that exclude us from an RMD?
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