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I received a death benefit from the California Teacher's retirement system after my father died in November 2016. Taxes were taken out and I reported my net benefit.

when my father died in November 2016.  They took taxes out and I reported my net income...will that be taxed also...I didn't know where on Turbo Tax to post the income so I posted it under miscellaneous and now I'm wondering if they will tax the net amount
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Accepted Solutions
dmertz
Level 15

I received a death benefit from the California Teacher's retirement system after my father died in November 2016. Taxes were taken out and I reported my net benefit.

You reported this incorrectly by putting it under miscellaneous income.  The payer will send you a Form 1099-R for this by the end of January which you must enter into TurboTax.  The taxable amount shown in box 2a must appear on Form 1040 line 16b or Form 1040A line 12b, and the tax withholding shown in box 4 will be combined with your other tax withholding and credited toward your overall tax liability.

If you have already submitted your 2016 tax return, you'll need to wait until either your submission is rejected, in which case you'll be able to make the change before resubmitting, or your submission is accepted and your original tax return is fully processed, in which case you must amend your filed tax return.

To amend:

https://ttlc.intuit.com/replies/3288565



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1 Reply
dmertz
Level 15

I received a death benefit from the California Teacher's retirement system after my father died in November 2016. Taxes were taken out and I reported my net benefit.

You reported this incorrectly by putting it under miscellaneous income.  The payer will send you a Form 1099-R for this by the end of January which you must enter into TurboTax.  The taxable amount shown in box 2a must appear on Form 1040 line 16b or Form 1040A line 12b, and the tax withholding shown in box 4 will be combined with your other tax withholding and credited toward your overall tax liability.

If you have already submitted your 2016 tax return, you'll need to wait until either your submission is rejected, in which case you'll be able to make the change before resubmitting, or your submission is accepted and your original tax return is fully processed, in which case you must amend your filed tax return.

To amend:

https://ttlc.intuit.com/replies/3288565



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