Ask Experts Questions for FREE Help !
Ask
    shirl0011's Avatar
    shirl0011 Posts: 1, Reputation: 1
    New Member
     
    #1

    Jul 23, 2009, 11:23 PM
    Capitol gain tax on pension
    Can I get out of paying capitol gain tax on my pension if I have never used the caitol gain tax?
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
     
    #2

    Jul 23, 2009, 11:49 PM

    Any pension payment you get may be taxable income. It is not a capital gain.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Transfer US Pension to a UK Pension Plan [ 2 Answers ]

I'm a US citizen permanently livng in the UK. I currently have a US pension that I would like to transfer to a UK pension plan. Will the IRS allow me to do that? From what I have read, tax-free transfers are allowed from one qualified plan to another qualified plan, or to an IRA. And according to...

401 or state pension 25 year pension [ 1 Answers ]

I always wonder if I had a 401k insteed of a state pension. The period is from: 1969-1994. I received $1,000 a month for life. Have already received $192,600 But what about other scenario. 401K investment plan during the same period. Would it be better, the same, or worst?? ...

Is there a loop hole in capitol gain? [ 1 Answers ]

My husband and I bought our house almost a year ago. Recently someone offered us an amount we could not refuse. If we sell before owning the house for a year is it true that as long as all the money is invested within two years we do not have to pay capitol gain tax? Does this include a house we...


View more questions Search