Gixxer2003
Well-Known Member
This is my first year doing my taxes as a retiree when i filed for my pension i did not elect to have taxes taken out of my pension i
just decided to put a certain amount away each month then pay the taxes when due write a check. I also took a lump sum out from
my pension . The feds took their money from that from day 1. Is any of our pension not taxable? Do we have to report the 1099 r i was
under the impression we didn’t have to I’m playing with the numbers and I’m getting killed i gotta write a check for like $8grand for fed and state. i think I’m gonna just let the bank take the tax out like normal.
just decided to put a certain amount away each month then pay the taxes when due write a check. I also took a lump sum out from
my pension . The feds took their money from that from day 1. Is any of our pension not taxable? Do we have to report the 1099 r i was
under the impression we didn’t have to I’m playing with the numbers and I’m getting killed i gotta write a check for like $8grand for fed and state. i think I’m gonna just let the bank take the tax out like normal.