Guest anomi Posted January 27, 2007 Posted January 27, 2007 Facts - A pension plan paying benefits to a pensioner determined that participant received overpayments in a prior year and the participant refunded the overpayment in 2006. Questions - On IRS form 1099-R may the plan net the payments to the participant for the 2006 pension payments by the amount refunded to the participant or must it report on 1099-R the gross distribution to the participant? How does the participant treat the refund on his/her tax return?
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