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am614108
New Member

If I elected in 2007, at age 62, a Pension Payment Option from a Single Life Annuity benefit from MetLife payable monthly ($202.22), do I have to pay additional tax?

 
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DianeW
Expert Alumni

If I elected in 2007, at age 62, a Pension Payment Option from a Single Life Annuity benefit from MetLife payable monthly ($202.22), do I have to pay additional tax?

The company should send you a From 1099R to report this as income if it is considered taxable.  A recovery of the money you paid for the annuity contract would be tax free.

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1 Reply
DianeW
Expert Alumni

If I elected in 2007, at age 62, a Pension Payment Option from a Single Life Annuity benefit from MetLife payable monthly ($202.22), do I have to pay additional tax?

The company should send you a From 1099R to report this as income if it is considered taxable.  A recovery of the money you paid for the annuity contract would be tax free.

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