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November 16, 2022
Question

Retired last November 2021,cashed my pension plan during 2022. How or do you have to pay taxes on Pension????

  • November 16, 2022
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    1 reply

    Employee
    November 16, 2022

    In January/early February you will receive a 1099R for the retirement income.   You will enter it on your 2022 return.

     

    To enter your retirement income, Go to  Federal> Wages and Income>Retirement Plans and Social Security>IRA  401 k) Pension Plan Withdrawals to enter your 1099R.

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**