I received a lump sum payment for my pension with US Foods, would this considered income?

[cathleen-cowan]

They did pull out deductions from the lump sum and sent me an earnings statement

[DoninGA]

Yes.  Pension/Retirement is income.  The administrator of the fund is required to send you a Form 1099-R for the distribution.  If you have not received the form then you need to contact the administrator and have them send you the Form 1099-R.

To enter a form 1099-R -

• Click on Federal Taxes (Personal using Home and Business)
• Click on Wages and Income (Personal Income using Home and Business)
• Click on I'll choose what I work on (if shown)
• Scroll down to Retirement Plans and Social Security
• On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button

Or enter 1099 r in the Search box located in the upper right of the program screen.  Click on Jump to 1099 r

[Chevo252]

Hi. When did your earning statement come. Before or after payout