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Retirement tax questions
@jimmarywebster wrote:
Pensions are treated like IRAs when reporting them. My pension 1099 has a box reporting the total distribution and a box for the taxable amount. Which of these amounts do I use?
If you are referring to an RMD then if you are age 70 1/2 or older All of the pension income is an RMD.
March 21, 2020
11:26 AM