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March 19, 2025
Question

1099R pension transferred to new company. Is it now a new pension?

  • March 19, 2025
  • 1 reply
  • 0 views

The distribution agent for a pension was changed, however the pension is otherwise the same; same monthly payments, terms, etc. 

 

When TurboTax premier asks me "Is 2024 is the first year you started getting regular payments from new company", do I indicate "Yes, I started getting payments in 2024"?

 

While technically that is correct, I started getting these payments "in 2023 or a prior year" from a different company. 

    1 reply

    March 19, 2025

    You would answer "no" since the only thing that changed was the pension administrator. The pension itself is still the same.

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