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Level 1
posted Mar 31, 2022 11:04:45 AM

PBGC Pension

I have entered my income from my PBGC pension. Turbo Tax keeps on asking me for the start date of the annuity and the age at which I started taking the annuity. I have obviously entered something incorrectly but I cannot find where my error is located. Now, I cannot file my taxes electronically. Where should I enter the pension information. The check keeps on bringing me back to a worksheet. Thank you. Ted

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1 Replies
Expert Alumni
Mar 31, 2022 11:43:21 AM

First, I want to be clear: pensions and annuities are taxed the same way, so don't let the terminology bother you. so "Where should I enter the pension information" is the same answer as for an annuity - in the 1099-R interview.

 

Second, "The check keeps on bringing me back to a worksheet. " What is the error that it is showing you? Unfortunately, we cannot see your screen nor your private tax data, so help us help you.