How do I figure out if my 1099r is a public pension or a private one?

hollow1wolf · ‎June 4, 2019

SteamTrain · ‎June 4, 2019

Public means from a governmental body of some type....State, Federal, Military, teacher's pension, firefighter's & Police pension , county, municipality.

Private is from a corporate/company/union pension, or an IRA. or a PBGC takeover of a corporate pension.

Most any 401k would be private too.....but "can" have some public components if generated by employment in a govt body....that gets a bit squishy

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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SteamTrain · ‎June 4, 2019

Public means from a governmental body of some type....State, Federal, Military, teacher's pension, firefighter's & Police pension , county, municipality.

Private is from a corporate/company/union pension, or an IRA. or a PBGC takeover of a corporate pension.

Most any 401k would be private too.....but "can" have some public components if generated by employment in a govt body....that gets a bit squishy

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

hollow1wolf · ‎June 4, 2019

Thank you so much, that helped!

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How do I figure out if my 1099r is a public pension or a private one?