RMD's and Pension Plans

Forum|Forum|1 year ago
March 5, 2025
2 replies
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How can a Pension Plan be subjected to RMD when there is no account value? In fact, there is a box 2b that wants to know if "Taxable Amount not Determined" or not. If it is not checked how can an RMD be calculated? The pension is already being taxed as ordinary income.

xmasbaby0

Employee

If you entered a 1099R for a pension you just need to say it was all an RMD.

**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.**

sjsdentonAuthor

I don't suppose you can quote line and verse in the IRS tax code that says that, can you?

MinhT1

If you receive your pension in monthly payments then all payments are considered RMDs.

In TurboTax, you can answer that the whole sum received is RMD and that your RMD is equal to the total received.

This way, TurboTax will know that you have satisfied all RMD requirements.

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bjbgrant

Your first sentence about oensions paid monthly are considered all RMDs, should have be incorporated into Turbotax online. It would have saved me many hours of time trying to find an answer to that question.