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January 30, 2025
Question

when filling out 1040, I have a Pension (5A). I thought only 50% is taxable, not the entire amount.

  • January 30, 2025
  • 2 replies
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    2 replies

    January 30, 2025

    What kind of pension is it? What is the code (s) in box 7 on the 1099-R? Why do you think this pension should be 50% taxable?

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    VolvoGirl
    Employee
    January 30, 2025

    How much is the taxable amount on line 5b?  5a is the gross amount.