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February 19, 2021
Question

Why does turbo tax change my answer for my pension form yes periodic payments to no

  • February 19, 2021
  • 1 reply
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1 reply

ReneeM7122
February 23, 2021

Generally, periodic payments are pension or annuity payments made for more than 1 year that are not eligible rollover distributions. Periodic payments include substantially equal payments made at least once a year over the life of the employee and/or beneficiaries or for 10 years or more.  If this apply to you and the software changed your answer then you can  then you can check the software:

 

  1. On the Federal tab, type pension distribution in the search box.
  2. Jump to pension distribution and review the questions about your pension.