Death Benefit Exclusion on Form 1099-R
If the client is the beneficiary of a deceased employee's pension and has received a death benefit exclusion, enter the exclusion amount in the
1099R
screen, in the Retirement
folder, in the Death benefit exclusion
field (in the Pension/Annuity Information
section). The lesser of the amount in this field or $5,000 is used in the calculation of the taxable pension distribution.note
The death benefit exclusion is not available for individuals who died after August 20, 1996.
