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The pension plan from a previous employer was discontinued. I requested a lump sum minus the taxes. How do I claim on my return?

 
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The pension plan from a previous employer was discontinued. I requested a lump sum minus the taxes. How do I claim on my return?

You should receive a Form 1099-R for the distribution in January or early February, if not already received.

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

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