You are here:
- Home
- People/Relationships
- Retirement Planning
- Accounting, Payroll & Pension Issues
- Lump sum cash out of retirement plan
Accounting, Payroll & Pension Issues/Lump sum cash out of retirement plan
Advertisement
Question
Taxes were deducted for both fed and tate of california
Where do I put the distribution and the taxes taken out on the Fed tax form and on the California tax form for 2009 personal income taxes?
Thank you
Please read the instructions for form 1040 line 16A (I believe)on the 2010 return and I believe the same on the 2009 return. Please review the equivalent line on the California return.
The forms and their instructions are at www.irs.gov/app/picklist/list/formsInstructions.html.
The income is a type of pension income.
The California forms are at http://www.ftb.ca.gov/forms/search/index.aspx
If after reviewing the returns and instructions you still have a question, please ask a follow-up question on this forum.
The IRS and most other states have done a great job of placing forms and instructions on-line.
Related Articles
- Tax Form - IRS Income Tax Forms
- California Personal Income Tax - California Tax Deductions Tax Credits and Tax Rates
- Preparing Your Tax Return - Personal Finance in Your 20s and 30s
- Which Tax Form to File? Choosing among Form 1040EZ, 1040A, and 1040 - About.com
- Credit for the Elderly or Disabled - Form 1040 Line 48
Accounting, Payroll & Pension Issues
Answers by Expert:
Arthur Naman
Expertise
General accounting and bookkeeping questions. How to do monthly bookkeeping, how to prepare financial reports. How to reconcile accounts.
I cannot answer questions pertaining to pension or retirement planning.
This is not a forum to have homework answered. Please do your own homework.
Experience
30 years' experience doing tax and accounting work
Education/Credentials
MPA from Univ. of Texas at Austin, MBA Golden Gate Univ, San Francisco CA
©2012 About.com, a part of The New York Times Company. All rights reserved.