pension

Forum|Forum|3 months ago
March 29, 2026
1 reply
38 views

I have been receiving a pension from my former employer for years. Your system now insists on treating it as an annuity, even though I have checked the box indicating that it is a qualified plan and not an annuity – and I cannot answer questions based on it being an annuity

SteamTrain

Level 15

@ktax2019

Hard to know what you are looking at. Even for pensions, TTX require you to answer the RMD question once you reach age 73. In that case you just say the entire box 1 amount is the RMD.

_____________

But there is a mis-direction of sorts, if box 2a is lower than box 1

i.e.

If your box 2a has a non-zero number in it..(not blank, nor marked as undetermined), and that number is somewhat lower than the box 1 number, due to an after-tax contribution amount that is noted in box 5...then edit that retirement form again, and when you get to the following page (below), answer it as-if the displayed edits were present (i.e. you needed to answer YES).

Answering YES will use the box 2a $$ amount on your for 1040. Checking lines 5a and 5b on your form 1040, before and after entering that 1099-R, and the 5b amount should be lower than line 5a.

(But if you answered No, and already entered some $$ in the "General" or "Simplified" calculation area ,you might need to delete your 1099-R first and re-enter it from scratch..)

________________________________