topic I paid taxes on retirement income from previous employer so I have to pay taxes again? I did not get a tax form for that payment in Retirement tax questions

I paid taxes on retirement income from previous employer so I have to pay taxes again? I did not get a tax form for that payment

01smitchell — Mon, 23 Feb 2026 10:32:39 GMT

I got about 3 thousand dollars but they taxed it . Do I have to pay more taxes or a penalty?

Re: I paid taxes on retirement income from previous employer so I have to pay taxes again? I did not get a tax form for that payment

VolvoGirl — Sun, 22 Jan 2023 01:55:20 GMT

You should get a 1099R for it. The tax that was withheld was just an estimate. You need to enter the full amount on your tax return with all your other income. Then the tax is calculated. Then all the withholding is subtracted leaving you with a refund or tax due. Yes there is a 10% early withdrawal penalty if you are under 59 1/2 unless you have one of the exceptions or you rolled in to an IRA within 60 days.

Re: I paid taxes on retirement income from previous employer so I have to pay taxes again? I did not get a tax form for that payment

VolvoGirl — Sun, 22 Jan 2023 01:57:09 GMT

How do you know you have to pay more tax if you haven't entered it from the 1099R yet?

Enter a 1099R under
Federal Taxes on left
Wages & Income at the top
Then scroll way down to Retirement Plans and Social Security
Then IRA, 401(k), Pension Plan Withdrawals (1099-R) – Click Start

Don't type the bank name or try to import it.
At the bottom pick - Change How I enter my Form
Then on the next screen pick - I'll Type it in Myself

Be sure to pick the right kind of 1099R on the 4 boxes. 1099R or CSA1099R or CSF1099R or RRB1099R
If you are filing a Joint return be sure to pick which person it is for.