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January 26, 2025
Question

Re1099-R for a company pension plan, not an IRA, just pension plan payments. Box 1 has gross distr amt, box 2a taxable amount blank, box 2b tax amt undetermined checked.

  • January 26, 2025
  • 1 reply
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Instructions for choosing taxable amount simplified method or general rule do not address a simple pension plan. Unclear on how to proceed.

    1 reply

    January 26, 2025

    A simple pension plan generally uses the simplified method because it is a qualified plan.  See The general rule and the simplified method.