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I have a traditional pension that does not have a RMD,why does TurboTax 2016 insist that I check a box or I will have to pay a 50% penalty?

Forum|Forum|7 years ago
June 1, 2019
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TurboTax Deluxe Online

Best answer by TomD8

A traditional monthly pension from a former employer automatically includes your RMD, so you can answer Yes to questions about that.

T

TomD8Answer

Employee

A traditional monthly pension from a former employer automatically includes your RMD, so you can answer Yes to questions about that.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

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dcasrAuthor

Unfortunately the next Q was what % of the distribution was a RMD and I have no idea, and if I check 100% it then asks whether is was calculated using Simple or General. As A retired clergy person the pension amount is used for a Parsonage Allowance. How do I get around this?