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Should I state my retirement checks were not subject to RMD?

Forum|Forum|7 years ago
June 4, 2019
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TUTAX is asking me for an RMD from my pension

TurboTax Free Edition Online

Best answer by RachelW33

If you receive periodic (monthly) payments from a Pension Plan, these are considered Required Minimum Distributions (RMD's). It is the responsibility of the Pension Plan's custodian to meet the RMD requirements.

In the TurboTax interview, you should answer "yes" to the RMD question. This question is only asked to determine if you might be subject to the penalty for not taking the RMD.

You can check out the TurboTax FAQ below for more information on RMD's: https://ttlc.intuit.com/replies/3302117

RachelW33Answer

If you receive periodic (monthly) payments from a Pension Plan, these are considered Required Minimum Distributions (RMD's). It is the responsibility of the Pension Plan's custodian to meet the RMD requirements.

In the TurboTax interview, you should answer "yes" to the RMD question. This question is only asked to determine if you might be subject to the penalty for not taking the RMD.

You can check out the TurboTax FAQ below for more information on RMD's: https://ttlc.intuit.com/replies/3302117

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