Retirement tax questions

@ttorris 

 

The tax software this year...seems to use that "Annuity" statement very loosely across a number of different 1099-R forms.

 

In a way, your pension is "annuitized" , and the pension administrators have already set up those payments according to IRS rules.

 

But, be careful if box 2a is lower than box 1 on that form  (but not zero, blank, nor marked "undetermined)

See:

Re: What kind of plan is OPM CSA Federal retirement, 403(b) of other? Is the General Rule or the ...

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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