Airline Pilot Forums

Airline Pilot Forums was designed to be a community where working airline pilots can share ideas and information about the aviation field. In the forum you will find information about major and regional airline carriers, career training, interview and job seeker help, finance, and living the airline pilot lifestyle.

01-15-2019, 02:38 PM
I'm former USAirways drawing PBGC pension. Got my 1099-R in the mail today and it's way off. Only shows about a month's worth of pay and withholding for all of 2018. Called PBGC and they're aware of it now but can't fix it until they have access to the 1099-R's at the end of the month. It'd be nice to file the taxes that way but with my luck it'd get flagged. I did verify I received 12 payments in 2018. The 1099 had totals of around a single month's payment. I searched for any change in tax law that sheltered part of a pension but didn't find anything.

01-16-2019, 12:19 PM
Just got another 1099-R from PBGC today, it looks like it's for the balance of what I received. Have to do the math but I think the two added together will be the correct total. The "corrected" box was not checked. Still going to wait and call their help line after the 31st, I don't know if having two 1099-R's from them is going to be a problem with the IRS. I use Turbotax so I guess I can just enter both of them and it should be OK. I was out on Medical from my current flying job for all of 2018 so my taxes are going to be pretty easy otherwise.