turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

deckwahl
New Member

Do I mark yes or no because the money I receive from FRS is my monthly pension? Any Periodic Payments is the question so should I answer yes or no?

Any periodic payments is the question so if I receive a monthly pension from Florida Retirement System so I answer if yes or no?
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
JamesG1
Expert Alumni

Do I mark yes or no because the money I receive from FRS is my monthly pension? Any Periodic Payments is the question so should I answer yes or no?

Yes, monthly would a periodic payment.  You may also click Learn more at the screen Any Periodic Payments? where it states:

 

Periodic Payments

 

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies