ErnieS0
Expert Alumni

Retirement tax questions

There is no early withdrawal penalty when a pension distribution is received due to the death of the participant.

 

The early withdrawal penalty is 10%.

 

20% is the amount of federal tax withheld in Box 2a.

 

Any early withdrawal penalty would be on Form 1040. Schedule 2, line 8, which will transfer to Form 1040 line 23.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"