You'll need to sign in or create an account to connect with an expert.
No, turning 59-1/2 in 2016 only keeps you from incurring a 10% penalty for early distribution.
If you made any after-tax contributions to your pension/annuity plan, you can exclude part of your pension/annuity from taxable income.
Note: Your contributions are reflected in box 5, Form 1099-R.
No, turning 59-1/2 in 2016 only keeps you from incurring a 10% penalty for early distribution.
If you made any after-tax contributions to your pension/annuity plan, you can exclude part of your pension/annuity from taxable income.
Note: Your contributions are reflected in box 5, Form 1099-R.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
MarGar1981
New Member
hampsonhouse6
New Member
francismburkejr
New Member
MJRD
New Member
njoi2day-aol-com
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.