what is the best Tax Reporting category for my monthly pension income

DannyB52
Quicken Windows Subscription Member ✭✭✭
I receive a monthly pension payment from a former employer. What is the best category to assign this to for tax planner purposes?

QW Subscription, R38.30, Windows 10 Home
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Best Answers
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"Form 1099R: Total pension gross distrib." for the gross amount. If there are any taxes withheld use the other available "Form 1099R;" lines for those.
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The "special treatment" is that it's non-taxable. Ergo, don't connect it to any tax form in Quicken, it's just a Category of income that isn't taxable.
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Answers
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"Form 1099R: Total pension gross distrib." for the gross amount. If there are any taxes withheld use the other available "Form 1099R;" lines for those.
1 -
Thanks Tom. No taxes are withheld. This payment receives special treatment when reported on my tax return as "housing allowance". I doubt QW's tax planner can handle that since it doesn't seem to allow for breaking out the taxable portion of Social Security income.
Danny
QW Subscription, R38.30, Windows 10 Home0 -
The "special treatment" is that it's non-taxable. Ergo, don't connect it to any tax form in Quicken, it's just a Category of income that isn't taxable.
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