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georgesmith880
January 31, 2025
Question

do not understand question "Plan cost at annuity starting date" under pension income.

  • January 31, 2025
  • 1 reply
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    1 reply

    T
    TomK2023
    February 7, 2025

    The plan cost at annuity start date is your total after tax contributions in the plan (may be shown in box 9b of the 1099-R). If you did not make any after tax contributions, leave the entry blank.


    If the employee did not make any after-tax contributions to the plan, then the plan cost will be $0 and the entire distribution will be taxable income.  If there was any after-tax contributions made to the plan, then a portion of every distribution will be non-taxable. 

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