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Level 1
June 3, 2019
Solved

1099r periodic paymentsquestion

  • June 3, 2019
  • 1 reply
  • 3 views
If the retirement benefits are paid monthly, in equal amounts, which is it - equal payments or periodic?
Best answer by

On the page "Any Periodic Payments?", this is what the questions refer to. Most pension plans are the first type.

Funds that you receive at regular intervals (weekly, monthly, quarterly, annually) over a predetermined period of time, for example, 15 years, or for life.


Equal periodic payments are annual withdrawals that you make from a pension plan or 401(k) plan. The amount you withdraw is calculated so that the funds last throughout your expected lifetime. 

1 reply

Answer
June 3, 2019

On the page "Any Periodic Payments?", this is what the questions refer to. Most pension plans are the first type.

Funds that you receive at regular intervals (weekly, monthly, quarterly, annually) over a predetermined period of time, for example, 15 years, or for life.


Equal periodic payments are annual withdrawals that you make from a pension plan or 401(k) plan. The amount you withdraw is calculated so that the funds last throughout your expected lifetime. 

Level 2
March 18, 2020

So is the amt for Equal Periodic Payments the same as gross distribution on the 1099R?

DMarkM1
Level 15
March 18, 2020

Yes.  Total for the equal and periodic payments will be the gross distribution on the 1099-R.

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