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R
rickh105
January 25, 2021
Question

Pension

  • January 25, 2021
  • 1 reply
  • 0 views

I receive a pension. It is listed on a 1099-R. Is the pension considered a qualified IRA distribution or do I use None of the Above?

    1 reply

    GloriaL
    GloriaL
    January 25, 2021

    Yes, distributions received from pension plans are reported on form 1099R. You would choose none of the above, because a pension cannot be a qualified IRA, but can be a qualified plan.   

     

    To learn more about how to report your pension distribution please see: TurboTax: When to Use Form 1099R.

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