JohnB5677
Expert Alumni

Retirement tax questions

You are doing okay.  If Box 2a is blank on your 1099-R form, the taxable portion of your distribution needs to be calculated: Is my distribution nontaxable if Box 2a on my 1099... (intuit.com).

 

Because you are getting regular monthly payments it is considered a Pension.  The annuity question suggests that you put money into the plan.  I don't think you did.  Therefore, there would not be any "basis" that would be calculated as non taxable.

 

Finally,  the tax withholding that you have in Box 4 will be credited to you on your tax return.

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