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urzy810
New Member

when filling out 1040, I have a Pension (5A). I thought only 50% is taxable, not the entire amount.

 
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2 Replies
BillM223
Employee Tax Expert

when filling out 1040, I have a Pension (5A). I thought only 50% is taxable, not the entire amount.

What kind of pension is it? What is the code (s) in box 7 on the 1099-R? Why do you think this pension should be 50% taxable?

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when filling out 1040, I have a Pension (5A). I thought only 50% is taxable, not the entire amount.

How much is the taxable amount on line 5b?  5a is the gross amount.  

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