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June 5, 2019
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How do I report pension income paid for restitution?

  • June 5, 2019
  • 1 reply
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My sister signed her pension over towards her federal restitution.  How do I reflect that on her taxes?

Best answer by MaryK1

She should receive a 1099-R for the pension which is reported as income.  There are no tax deductions for federal restitution.

1 reply

MaryK1Answer
Employee
June 5, 2019

She should receive a 1099-R for the pension which is reported as income.  There are no tax deductions for federal restitution.

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sazsagAuthor
June 5, 2019
She did receive a 1099-R and taxes were taken out.  Is there an exemption for early withdrawal to pay this?