The scenario continues. Beginning in 2024, Sergeant Robert Martin received a service pension in the amount of $1,000 per month.
In August 2024, Robert received his VA determination letter, which showed he was entitled to a disability pension of 80% from the date of his discharge. So, for the last four months of 2024, Robert received $800 tax-free disability income from the VA, and $200 taxable pension from the government.
For how many months will Robert adjust his Form 1099-R wages in 2024?
|
12 months |
|
8 months |
|
4 months |
|
No adjustment is necessary |