topic Re: Annuity information in Retirement tax questions

Annuity information

user17702197025 — Wed, 04 Feb 2026 15:49:42 GMT

I have a question regarding this section, Annuity info - For the years you received these distributions, was the total amount shown in the form the amount you paid tax on?

I just started to receive this pension plan on 1/2025. The 1099-R has 2a blank and 2b checked. So I'm confused whether I need to answer yes or no to this question. And if no, what info do I need to enter regarding Plan Cost and Tax-free amount previously recovered.

Appreciate your help with this.

Dannyo

Re: Annuity information

JamesG1 — Wed, 04 Feb 2026 16:24:40 GMT

You will likely answer No.

At the screen Who gave you a 1099-R, did you select Office of Personnel Management (CSA-1099-R) or something else?

If you are reporting your first year of reporting a CSA-1099-R, follow these steps to use the simplified method to determine the taxable portion of the pension distribution.

TurboTax Online will use the simplified method to determine the taxable portion for box 2a of your CSA 1099-R. Presume that:

Monthly payments were received,
Payments started in 2025, and
That box 7 is code 7.

You will need to know:

The amount of the employee contributions (should be in box 9b),
The date the annuity started,
The number of months that payments were received in 2025,
The age of the recipient when the annuity started,
The age of other beneficiaries (if there are any), and
Was the recipient under the retirement age for the plan.

Follow these steps:

Down the left side of the screen, click Federal.
Down the left side of the screen, click Wages & Income.
Click on the down arrow to the right of Retirement Plans and Social Security.
Click to the right of IRA 401(k) Pension Plan Withdrawal (1099-R).
At the screen Who gave you a 1099-R, select Office of Personnel Management (CSA 1099-R).
At the screen Annuity information, select Yes for the question Did you get periodic payments from this retirement account on a regular basis?
At the screen Annuity information, select Yes for the question Did you start getting payments in 2025.
At the screen Annuity information, select No for the question For the years you received these distributions, was the total amount shown in the form the amount you paid tax on?
At the screen Annuity information, enter the annuity start date, plan cost, months payments were received and amount recovered in previous years. (This will be $0 if this is the first year that you receive the payment.)
At the screen Annuity Information, Plan Cost should be in box 9b.
At the screen Annuity Information, enter the beneficiary ages.
The taxable amount will be computed by the simplified method.

View Federal 1040 tax return line 5a and 5b at Tax Tools / Tools / View Tax Summary / Preview my 1040.

Re: Annuity information

user17702197025 — Wed, 04 Feb 2026 17:42:33 GMT

It is not a CSA-1099R, just a regular 1099-R. I selected Financial Institution or Other Provider.

So I can proceed with answering the following, correct?

At the screen Annuity information, enter the annuity start date, plan cost, months payments were received and amount recovered in previous years. (This will be $0 if this is the first year that you receive the payment.)
At the screen Annuity Information, Plan Cost should be in box 9b.
At the screen Annuity Information, enter the beneficiary ages.
The taxable amount will be computed by the simplified method.

Re: Annuity information

user17702197025 — Wed, 04 Feb 2026 18:57:40 GMT

Also for this part - enter the beneficiary ages. If I'm receiving this now, myself (male husband) But my wife is the beneficiary when I come to pass, do I only enter my age?

Re: Annuity information

DaveF1006 — Fri, 06 Feb 2026 14:06:27 GMT

If it is a Joint and Survivor Annuity: (Meaning the payments continue to your wife if you pass away), you must enter both your age and your wife's age as of the annuity start date. As you proceed through the questions, there will be a box to enter ages for both the primary recipient(you) and the beneficiary(your wife). Here you would enter both of your ages.

In answer to your other questions you asked. You are correct in all four questions. You will need to reenter the plan cost as you record the annuity information.