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New Member
posted Mar 12, 2025 10:19:52 AM

Should monthly payments from teamsters retiree pension plan have me checking Yes on periodic payments section?

Box 7 Distribution code in marked 2

0 2 933
2 Replies
Expert Alumni
Mar 12, 2025 10:39:34 AM

Yes. Answer Yes to the question since you received monthly payments. 

The code(s) in Box 7 of your Form 1099-R helps identify the type of distribution you received. Code 2:  Early distribution (except Roth), exception applies.

New Member
Mar 12, 2025 10:49:37 AM

Thank you so much!