topic Does a pension plan cashout in 2016 count as a retirement plan distribution? It asked from anything from 2014 on the credits section for contributing to one. in Retirement tax questions

Does a pension plan cashout in 2016 count as a retirement plan distribution? It asked from anything from 2014 on the credits section for contributing to one.

lady-dawn1 — Thu, 06 Jun 2019 14:13:50 GMT

Yes. The payout from a pension plan is a retirement distr...

ghost — Thu, 06 Jun 2019 14:13:52 GMT

Yes. The payout from a pension plan is a retirement distribution. You should receive Form 1099-R from the pension plan administrator by first week in February.

Yes, a pension cash out would count as a retirement plan...

MichaelL1 — Thu, 06 Jun 2019 14:13:53 GMT

Yes, a pension cash out would count as a retirement plan distribution.

You are in the saver's credit area and there are rules against taking the credit when you had prior distributions.