TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 3

Question

Survivor Benefits

Forum|Forum|4 years ago
February 7, 2022
1 reply
0 views

I received a one-time survivor benefit from my father's pension in 2021.

I had two options. One option was to receive the money tax-free if deposited into an IRA. The other option was to receive the money with tax taken out if deposited into a bank account.

I choose to receive the money with tax taken out and deposited into my bank account.

Is there anything I need to do in regards to this when filing my 2021 taxes? I have not received a 1099-R.

TurboTax Self Employed Online

Level 15

Yes. You will receive a Form 1099-R with the amount of the distribution and the taxable amount. It will also include and show the amount of federal income tax withheld so that it will be included as a payment on your tax return.

Contact the plan administrator if you do not receive the form with in a few days. It's possible to have it emailed to you quickly. They had until January 31st to issue the form to you.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

Arch StantonAuthor

Level 3

Actually, I just called them. The reason I didn't get the 1099-R is because I moved and the letter is not forwardable.

So, they gave me the numbers off the 1099-R over the phone. Being that I'm filing online electronically, this should suffice, right?

Level 15

It's actually TIN not EIN. And they didn't give it to me, so I will need to contact them.

The question I don't understand is "How much of the payment was an RMD (Required Minimum Distribution)?"

The choices are:

The entire distribution was a RMD
Only part of this distribution was a RMD
None of this withdrawal was a RMD

I don't know the answer to this.

Since you cashed out your father's pension, you can indicate that 'entire distribution was RMD'.

Click this link for more info on Inherited Retirement Benefits.

Sorry for your loss.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"