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1099-R form from retired school pension/what RMD is required and where do I find it on the form? this is not an IRA, 401 etc/it is my pension??
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RMD is required for all retirement accounts. That is why Turbo Tax has to ask the question. For pensions, if it is a qualified plan, the RMD requirement is met because you are receiving periodic payments. However, if you have the ability to control the payments amount, then you must calculate the proper RMD amount to withdraw.
If you are receiving a pension and cannot change the monthly amount, respond yes that you have taken your RMD for this retirement account.
If you are receiving a pension and cannot change the monthly amount, respond yes that you have taken your RMD for this retirement account.
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