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February 28, 2025
Solved

I keep seeing. Rmd error

  • February 28, 2025
  • 1 reply
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I accidentally marked a pension as rmd. Corrected and software doesn’t correct
    Best answer by VolvoGirl

    For a pension you have to say it was the RMD.  It's whatever they send you. Say all of it is the RMD. If you have a RMD requirement 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 for each 1099R. 

    1 reply

    VolvoGirl
    VolvoGirlAnswer
    Employee
    February 28, 2025

    For a pension you have to say it was the RMD.  It's whatever they send you. Say all of it is the RMD. If you have a RMD requirement 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 for each 1099R.