☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 4, 2019 1:22:19 PM

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

0 2 2054
1 Best answer
Level 15
Jun 4, 2019 1:22:20 PM

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

2 Replies
Level 15
Jun 4, 2019 1:22:20 PM

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

New Member
Jun 4, 2019 1:22:22 PM

Thank you so much, that helped!