MarilynG1
Expert Alumni

Retirement tax questions

@FredTax19 Since you are a California resident, you would report your inherited pension lump sum amount on your California return.

 

If you transferred the lump sum distribution to an inherited IRA in your name as beneficiary (if eligible to do so), it is not taxable until you begin taking distributions.

 

Click this link for more info on Lump Sum Distributions.

 

This link has details on Inherited Pension Income in California

 

 

 

 

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