!099R Payer changed. Turbotax is asking the question when I enter the new payer If i received disbursements prior to this year

I have a pension that I have been receiving payment from for a few years and the company servicing that changed in 2024. When I enter the 1099R from the new company Turbo Tax asks if this is the first time I received payment from this company was in 2024. To which I would expect the answer to be Yes (this is a new company), But I am wondering if it is trying to get at whether or not this is a new pension that i am receiving payments from which the answer would be No this is an existing pension. So I am confused about how to answer. Thoughts?

1186

Level 15

Apr 4, 2025 8:56:03 AM

Answer NO to the question concerning if this is the first year for receiving these payments since you have been receiving them for many years.

Why sign in to the Community?

!099R Payer changed. Turbotax is asking the question when I enter the new payer If i received disbursements prior to this year