If early distribution from my retirement plan (ESOP) was reported on my Federal and State filings with a 1099-R form, does it also have to be reported on my Local Taxes? The reason I ask is because the Local Distribution box on my 1099-R form is blank, whereas the State Distribution and the Gross Distribution (for Federal) shows the amount of the early distribution. Any help is appreciated.
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I suggest you check with your local government to verify or reply here so we can be certain. First guess would be taxable.
I suggest you check with your local government to verify or reply here so we can be certain. First guess would be taxable.
Thank you. I did contact my local tax bureau and they confirmed that it is taxable and needs to be reported as other income.
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