Question

UPPBGC Pension Fund

Forum|Forum|4 years ago
April 25, 2022
1 reply
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On the 1099-R from USPBGC, If box 2a (taxable amount) is 0 and box 2b (taxable amount not determined) is checked X we do not claim the gross distribution amount in box 1 correct?

Thank you!

Not A Product Question

rjs

Employee

No, that's not correct. It simply means that the PBGC isn't sure of the taxable amount, so it's up to you to determine it. Unless there is an amount in box 9b, the taxable amount is the full amount in box 1, and you certainly do have to report it.