It's the first question asked. I now receive a pension from the company I worked for last year. Is the pension considered wages from the same company?

usmc2609102 — Thu, 06 Jun 2019 09:11:56 GMT

No, pension income (1099-R) and wages (W-2) are different...

ThomasM — Thu, 06 Jun 2019 09:11:58 GMT

No, pension income (1099-R) and wages (W-2) are different animals. Both get taxed as ordinary income, but as a W-2 employee you pay FICA (soc sec + medicare).

Your pension income will get entered in the Retirement Plans & Social Security section of TurboTax, not on the W-2 screens (Wages & Salaries).

Use this pathway to enter your 1099-R: Federal Taxes > Wages & Income > Retirement Plans & Social Security, then follow the prompts.

topic It's the first question asked. I now receive a pension from the company I worked for last year. Is the pension considered wages from the same company? in Retirement tax questions

It's the first question asked. I now receive a pension from the company I worked for last year. Is the pension considered wages from the same company?

No, pension income (1099-R) and wages (W-2) are different...