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Inherited pension


Eli

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from her uncle's pension upon his death. There was no federal witholding. The total amounted to 35000+ with a code 4. Just want make sure there were no special things I need to do with this. Theres also a penalty for under payment of taxes. Is there any way to get the penalty waived?

Thanks!

Eli

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from her uncle's pension upon his death. There was no federal witholding. The total amounted to 35000+ with a code 4. Just want make sure there were no special things I need to do with this. Theres also a penalty for under payment of taxes. Is there any way to get the penalty waived?

Thanks!

Eli

If you put code 4 on 1099R, no penalty.

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from her uncle's pension upon his death. There was no federal witholding. The total amounted to 35000+ with a code 4. Just want make sure there were no special things I need to do with this. Theres also a penalty for under payment of taxes. Is there any way to get the penalty waived?

Thanks!

Eli

if you fill out 2210 she should met exception

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