What tax form do I use to file my taxes if I had a pay out from a pension plan?
February 3, 2009
cat21159 asked:
Before I left my previous job, I got money from the companies pension plan. I need to know what tax form to use. I have been using 1040ez.
Before I left my previous job, I got money from the companies pension plan. I need to know what tax form to use. I have been using 1040ez.
One Response to “What tax form do I use to file my taxes if I had a pay out from a pension plan?”
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February 4th, 2009 at 5:47 pm
You can’t use 1040EZ for that, you’ll need 1040A (line 12a&b) or 1040 (line 16 a&b). You should have gotten a form 1099-R for the amount paid out. If you didn’t roll it over into an IRA you probably owe a 10% penalty for early withdrawal unless you’re age 59-1/2 or over