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T
Terrieratto
Employee
March 16, 2020
Question

Do I have to claim a refund on a PERS account that was returned to me from an employer ?

  • March 16, 2020
  • 1 reply
  • 0 views
DO I have to claim the refund as earned income?

1 reply

VictoriaD75
VictoriaD75
March 17, 2020

It is possible that some of the distribution was taxable. It depends on the circumstances regarding the withdrawal. You should receive a 1099-R for the distribution, with the distribution code reported in box 7. Based on that code, TurboTax will help you determine if this was a taxable event.

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