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January 22, 2025
Solved

Finishing input. I have a pension and we both have 401's. Form asking for RMD number on pension How do I answer that?

  • January 22, 2025
  • 2 replies
  • 0 views
my pension is a fixed amount and does not have a RMD so i just put total distribution there.
    Best answer by VolvoGirl

    It's whatever they send you. Say all of it is the RMD. If you are 73 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.

    2 replies

    DoninGA
    Employee
    January 22, 2025

    The full amount of the pension is an RMD.

    VolvoGirl
    VolvoGirlAnswer
    Employee
    January 22, 2025

    It's whatever they send you. Say all of it is the RMD. If you are 73 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.