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March 12, 2025
Question

Should monthly payments from teamsters retiree pension plan have me checking Yes on periodic payments section?

  • March 12, 2025
  • 1 reply
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Box 7 Distribution code in marked 2

1 reply

March 12, 2025

Yes. Answer Yes to the question since you received monthly payments. 

The code(s) in Box 7 of your Form 1099-R helps identify the type of distribution you received. Code 2:  Early distribution (except Roth), exception applies.

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my2izzysAuthor
March 12, 2025

Thank you so much!