Ask Experts Questions for FREE Help !
Ask
    Foreign121's Avatar
    Foreign121 Posts: 3, Reputation: 1
    New Member
    		  
    #1

    Jan 30, 2011, 02:23 PM
    Early distribution of pension in another state
    Hi,

    I requested an early distribution of my pension account that I had in AL. I moved to CA 3 years ago and I don't pay AL state tax anymore. They have already withheld the 20% Federal tax and I know that I have to pay 10% early distribution penalty. State of AL doesn't tax this income (according to the statement given by the pension management). Do I have to include this distribution into my CA state return?

    Thanks a lot.

Check out some similar questions!

Early pension withdrawal [ 0 Answers ]

Hi, I have a tesco pension but I need to draw it out now, I no longer work for tesco because of my health issues, I need to move house so everything is on one level again because of my health and disability, I cannot move without getting this pension because I need carpets curtains removal costs...

Early pension withdrawal [ 2 Answers ]

I have a pension retirement account through a former employer. I am 38 years old. Do I have to wait until I am 55 years of age to withdrawl form this account?

Is there a my state penalty for 401k early distribution? [ 1 Answers ]

Do you have to pay Michigan state taxes on early 401k withdrawal?

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?? ...

File CA State taxes for receiving an early distribution? [ 1 Answers ]

I just filed my federal taxes online with forms 1040A, 5329 etc due to an early distribution of $2,000+ on a Roth IRA that was deposited into my account in CA in February 2007. I had invested in this annuity in NY from my after tax dollars while I was a resident of NY until November 2006. I moved...

View more questions Search
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.