i receive a very small pension that was my husbands ($188/mo). He was already taking this when he passed. I was the beneficiary. TT wants me to treat like an IRA ?

Forum|Forum|1 year ago
January 10, 2025
2 replies
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xmasbaby0

Employee

Did you get a 1099R for the pension?

To enter your retirement income, Go to Federal> Wages and Income>Retirement Plans and Social Security>IRA 401 k) Pension Plan Withdrawals to enter your 1099R.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

MyrosetreeAuthor

I've been getting this for years. This isn't about the 1099-R. What's puzzling is TT is asking about RMD ....

it's a monthly distribution that i;ve receved since 2013... but it's trying to pigeonhole this as an IRA... never was,

it is a pension plan distribution.

rjs

Employee

All the payments from a pension are technically an RMD. Just answer that it was an RMD, and that all of it was an RMD. The RMD amount is the total amount of the distribution.

VolvoGirl

Employee

You must have turned 72 in 2024. That's when you need to start taking the RMD from IRA and 401K accounts. As answered above just say YES it is the full RMD. Anything your pension pays you is considered to be the RMD. Traditional pensions automatically fulfill the rules of an RMD.