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April 15, 2025
Question

Why is the normal annual distribution from a pension considered an RMD? Turbo Tax is the only place I've ever encountered this language.

  • April 15, 2025
  • 1 reply
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    1 reply

    VolvoGirl
    April 15, 2025

    For a pension, it's whatever they send you. Say all of it is the RMD. If you have a RMD requirement it will ask you if it is the RMD. Say yes and enter the amount as the RMD amount. The pension doesn't need to calculate any RMD. Anything your pension pays you is considered to be the RMD. Traditional pensions automatically fulfill the rules of an RMD. So just enter the same amount in box 1 for the RMD for each 1099R.

    fanfare
    April 15, 2025

    All agree it is a confusing notion, but TurboTax refuses to change their ways.