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    shanshaw's Avatar
    shanshaw Posts: 2, Reputation: 1
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    #1

    Jan 29, 2010, 08:13 PM
    Is pensions the same as a retirement fund like a 401k
    I took my retirement out in one lump sum I was age 63 in 2009 do I report this on line 16a of 1040 or online 58 of my 1040?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Jan 29, 2010, 08:15 PM

    Depends on whether you had a defined benefit plan usually referred to as a pension or a defined contribution plan like a 401k. You should get a 1099R from the employer telling you what to claim
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