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New Member
posted May 31, 2019 6:59:33 PM

What form do I fill out for my dead father's pension when i already paid 20% of the total in taxes?

I paid 20% on a pension i inherited from my dad passing, what form do i fill out for my taxes?

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1 Best answer
New Member
May 31, 2019 6:59:35 PM

Assuming the taxes you paid are income taxes withheld from the proceeds, you will get a 1099-R tax from from the payer around the end of January and it will show both the gross proceeds and the amount of taxes withheld.  When you enter this into Turbotax, it will figure the tax on that income and will give you credit for the money already withheld.

1 Replies
New Member
May 31, 2019 6:59:35 PM

Assuming the taxes you paid are income taxes withheld from the proceeds, you will get a 1099-R tax from from the payer around the end of January and it will show both the gross proceeds and the amount of taxes withheld.  When you enter this into Turbotax, it will figure the tax on that income and will give you credit for the money already withheld.