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February 15, 2024
Solved

I have been getting two pension checks every month for more than ten years. Turbo Tax wants to know how much was RMD. The pension plans say they do not consider them RMD

  • February 15, 2024
  • 2 replies
  • 0 views
I will be 74 this summer
Best answer by dmertz

While the plan might not call them RMDs, they are indeed required distributions under the tax code, so the entire amount is RMD.  Being an RMD simply means that these distributions are not eligible for rollover.

2 replies

SteamTrain
Employee
February 15, 2024

For pension plans .....indicate it is an RMD, and that ALL of it is an RMD.

 

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
dmertzAnswer
Employee
February 15, 2024

While the plan might not call them RMDs, they are indeed required distributions under the tax code, so the entire amount is RMD.  Being an RMD simply means that these distributions are not eligible for rollover.