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If I get a second pension monthly and received a 1099R 2024. Is that what’s considered a “periodic payment “? “ regular payment from retirement account? Thanks

 
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AnnetteB6
Employee Tax Expert

If I get a second pension monthly and received a 1099R 2024. Is that what’s considered a “periodic payment “? “ regular payment from retirement account? Thanks

Yes, a periodic payment is one that you receive on a regular basis such as monthly.  This would be different from a one-time lump-sum payment.

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