01-07-2004, 02:17 AM
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 Re: Benefit Payment Tax Questions "Kevin" <None[at]nowhere.com> writes: - quote - > I had some retirement plans closed out for me from a couple
You will receive 1099-R's for these payments. You report> of companies I used to work for. I elected to have the > distributions made directly to me as I was not working this > year. > I am not retired (age 33) and am not sure how to report > these payments made to me for my taxes this year. Also, I > am unsure how to report the withholdings that were made for > these payments (there was both federal and state > withholdings automatically made). the income as retirement plan income (line 16 of the 1040) and the withholding the same way you would report wage withholding. Phil Marti Topeka, KS << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
01-03-2004, 03:36 AM
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| Benefit Payment Tax Questions I had some retirement plans closed out for me from a couple of companies I used to work for. I elected to have the distributions made directly to me as I was not working this year. I am not retired (age 33) and am not sure how to report these payments made to me for my taxes this year. Also, I am unsure how to report the withholdings that were made for these payments (there was both federal and state withholdings automatically made). Should I be receiving any documents related to the payments, a 1099 perhaps? Any help would be appreciated, Kevin << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| benefit, payment, questions, tax |
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