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Employee
February 22, 2025
Question

what do i answer the rmd questions that are asked for my defined benefits pension plan?

  • February 22, 2025
  • 1 reply
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what do i answer the rmd questions that are asked for my defined benefits pension plan?

    1 reply

    SteamTrain
    Employee
    February 22, 2025

    You answer that it is All an RMD

    and that the amount in box 1 is the RMD amount for that plan.

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    This Question starts being asked once you reach age 73 for all 1099-R forms.  Partly because there is nothing on the 1099-R that distinguishes a pension from a number of other 1099-R forms, where you-yourself have to  calculate and initiate the RMD distribution every year.....like for a 401k plan.

     

    Yeah, Defined benefits plans have an RMD, but that amount was pre-figured by the plan and automatically conforms to IRS distribution rules.

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