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posted Jun 3, 2019 10:56:39 AM

After retiring I receive a monthly pension check. Do I need to claim this as income on my tax form?

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1 Best answer
Intuit Alumni
Jun 3, 2019 10:56:40 AM

The payer will issue a Form 1099-R to report your pension. This is included on your return. If you began receiving the income in 2018, you should have received one. If not, contact the administrator. If you started getting the distribution in 2019, you will get the reporting form in 2020.

To enter pension and annuity Payments (1099-R)

•        Click on Federal Taxes (Personal using Home and Business)

•        Click on Wages and Income (Personal Income using Home and Business)

•        Click on I'll choose what I work on (if shown)

•        Scroll down to Retirement Plans and Social Security

•        On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button


1 Replies
Intuit Alumni
Jun 3, 2019 10:56:40 AM

The payer will issue a Form 1099-R to report your pension. This is included on your return. If you began receiving the income in 2018, you should have received one. If not, contact the administrator. If you started getting the distribution in 2019, you will get the reporting form in 2020.

To enter pension and annuity Payments (1099-R)

•        Click on Federal Taxes (Personal using Home and Business)

•        Click on Wages and Income (Personal Income using Home and Business)

•        Click on I'll choose what I work on (if shown)

•        Scroll down to Retirement Plans and Social Security

•        On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button