Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Mar 11, 2020 7:29:45 PM

Cash out of pension prior to vesting

I worked for the state of California which has a pension that only vests after three years. If you left prior to vesting, you could cash out your contributions to the pension. I received a 1099-R. Is there an exception that I can use to avoid the extra hit as an early distribution (which no one told me it was).

0 1 265
1 Replies
Expert Alumni
Mar 11, 2020 7:44:29 PM

Click this link for info on Early Withdrawal Penalty Exceptions.