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My brother passed away in Aril of 2015. He had named me the

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beneficiary of his retirement...
My brother passed away in Aril of 2015. He had named me the beneficiary of his retirement pension. I have been receiving monthly benefits checks and I have taken out federal and state taxes from each check. My brother worked in Chicago and I live in St. Louis. My questions is;) should I paying tax on this benefit?
Submitted: 1 year ago.Category: Tax
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2/2/2016
Tax Professional: Robin D., Senior Tax Advisor 4 replied 1 year ago
Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 15,880
Experience: 15years with H & R Block. Divisional leader, Instructor
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Hello

Yes, you are taxed on the pension just like your brother would have been taxed.

You will report the taxable portion that is shown on the 1099R that you will be sent. You are not taxed in Illinois only your home state of MO.

If you had any state taxes withheld other than MO you can file a nonresident return and request a refund.

Please accept my condolences on the death of your brother.

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Tax Professional: Robin D., Senior Tax Advisor 4 replied 1 year ago

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Robin D.
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