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Why is the 1099-R for a Pension being categorized as a RMD account when it is a Pension (Income) that has been taxed?
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RMD stands for Required Minimum Distribution. It's the minimum amount of money you're required to take out of your retirement plan once you turn 70 1/2. The 1099-R is still taxed. TurboTax will help determine the correct way to handle the form once it is entered exactly as show. See link below for more information about RMD:
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