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New Member
posted Jan 26, 2025 7:01:26 AM

Re1099-R for a company pension plan, not an IRA, just pension plan payments. Box 1 has gross distr amt, box 2a taxable amount blank, box 2b tax amt undetermined checked.

Instructions for choosing taxable amount simplified method or general rule do not address a simple pension plan. Unclear on how to proceed.

0 1 1886
1 Replies
Expert Alumni
Jan 26, 2025 7:22:47 AM

A simple pension plan generally uses the simplified method because it is a qualified plan.  See The general rule and the simplified method.