Question

1099r

Forum|Forum|6 years ago
April 23, 2020
1 reply
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Okay, once I add the info for my military pension and indicate that it is from a Qualfied Plan, I am at a loss as to answering the questions that follow - this is very confusing to me. Is there someone who can walk me thru this?

macuser_22

Employee

What question?

Is it a 1099-R or a CSA 1099-R they are very different and the proper 100-R type must be selected?

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

G

gm43Author

Was this withdrawal RMD for 2019?

macuser_22

Employee

Virtually all pension plans, defined contribution plans, and annuities in existence today fall under section 401 of the tax code.

Required minimum distributions for defined benefit plans and annuity contracts all require RMD's after age 70 1/2. If you receive periodic (monthly) payments from any pension plan you can be assured that the custodian of the plan is meeting the requirements so you can safely answer "yes" to the question.

The rules that the plan administrator must use to calculate the RMD as required by §401(a)(9) are defined in § 1.401(a)(9)-6) of the Internal Revenue Code (IRC).

The answer to the question does not go on your tax return, it is simply to make sure you do not owe any penalty for not taking the RMD or use it for an ineligible rollover.

The question is just to be sure that the requirement was met.

https://ttlc.intuit.com/replies/3302117

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**