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oakcrest
New Member

Why is the NYFD disability pension coming up as an annuity on entering the 1099R.????

 
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LindaS5247
Expert Alumni
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Why is the NYFD disability pension coming up as an annuity on entering the 1099R.????

If you receive benefits in the form of periodic or monthly payments, it can be considered an annuity.

 

A NYFD disability pension is generally a combination of a defined benefit pension and an annuity based on your accumulated annuity savings contributions

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1 Reply
LindaS5247
Expert Alumni
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Why is the NYFD disability pension coming up as an annuity on entering the 1099R.????

If you receive benefits in the form of periodic or monthly payments, it can be considered an annuity.

 

A NYFD disability pension is generally a combination of a defined benefit pension and an annuity based on your accumulated annuity savings contributions

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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