Romer
Recycles dryer sheets
I received my tax documents for thee first year (6 months) of my pension. I have a standard pension on a 1099-R and then there is an excess Pension smaller amount on a W2
I have always known about the two parts as the contributions from my employer exceeded IRS amounts so there is this second portion which is about 10% of the main pension in value
It would seem they are both pension funds. I found this on the internet "It is sometimes proper for your pension to be on a W-2 such as in the case of non-qualified deferred comp types of plans. "
Then since it is a W2, can I use that as income to justify a Roth contribution that doesnt exceed the amount of the W2
Can I treat the W2 part of my pension different for anything else than the 1099-R
The W2 was a surprise, but this is the first year and everything is a learning experience
I have always known about the two parts as the contributions from my employer exceeded IRS amounts so there is this second portion which is about 10% of the main pension in value
It would seem they are both pension funds. I found this on the internet "It is sometimes proper for your pension to be on a W-2 such as in the case of non-qualified deferred comp types of plans. "
Then since it is a W2, can I use that as income to justify a Roth contribution that doesnt exceed the amount of the W2
Can I treat the W2 part of my pension different for anything else than the 1099-R
The W2 was a surprise, but this is the first year and everything is a learning experience