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PBGC 1099-R
I receive monthly pension payment from State Street Retiree Services for USPBGC from an airline bankruptcy. My form 1099-R has box 2a blank and 2b checked(taxable amount not determined). Box 4 shows the Federal Income tax withheld that PBGC deducts every month as my election. When I go through the TurboTax steps it treats it as an Annuity and wants me to use the simplified method. I am lost at this point so I just input the date that my PBGC payments started and every 12 months and leave the rest blank. How should I correctly go through this step. Thanks Mark
‎January 29, 2021
12:52 PM