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bahnbruc
New Member

Can I enter a lifetime pension benefit that is a monthly payment for life but has no principal balance. This is a fixed benefit pension reported on a 1099R.

How do I enter a fixed retirement for life from a public employer that has no principal amount?
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1 Reply
JamesG1
Expert Alumni

Can I enter a lifetime pension benefit that is a monthly payment for life but has no principal balance. This is a fixed benefit pension reported on a 1099R.

Is the amount of the gross distribution (box 1) also reported as the taxable amount in box 2a?

 

Is Taxable amount not determined checked?

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