Pension Plan Administrator Change - Periodic Payments

sdn1 — Wed, 01 Feb 2023 01:42:47 GMT

Mid-2022, the Pension Plan Administrator was changed so I received two 1099-R's. One from the old admin and one from the new. My pension amount has not changed and was earned at one company. Turbo Tax asks if I received periodic payments. I get them monthly and have for 20 years but I need to know if I should say "yes" or "no" to the question:

"Is 2022 the first year you began getting regular payments from "The New Pension Administrator"?

Of course it is the first time the new administrator made the payment, but it is part of the old pension plan - just an administrator change. I may be overthinking it...

Thanks.

Re: Pension Plan Administrator Change - Periodic Payments

MarilynG1 — Wed, 01 Feb 2023 01:54:38 GMT

Yes, you are overthinking it! If you began receiving the monthly pension payments prior to 2022, say NO to 'is this the first year...'.

Pension administrators come and go..

topic Pension Plan Administrator Change - Periodic Payments in Retirement tax questions

Pension Plan Administrator Change - Periodic Payments

Re: Pension Plan Administrator Change - Periodic Payments