- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎April 15, 2023
7:50 AM