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I cashed out my govt pension plan for around $3500. So my…

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Hi, I cashed out...

Hi, I cashed out my govt pension plan for around $3500. So my 1099 R states that amount from the state pension plan but my city govt employer put 1448.96 in box 14 of my W2. I'[m not sure what that amount means?

Accountant's Assistant: The Accountant will know how to help. Is there anything else the Accountant should be aware of?

No, thanks!

Submitted: 20 days ago.Category: Tax
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4/3/2018
Tax Professional: ABC Accounting Group, Certified Public Accountant (CPA) replied 20 days ago
ABC Accounting Group
ABC Accounting Group, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 867
Experience: Business Consultant/Accounting Manager
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Hi. Great Question. Box 14 is for informational purposes only and is not used for your 1040 return.

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Tax Professional: ABC Accounting Group, Certified Public Accountant (CPA) replied 20 days ago

It usually represents what was paid for state disability or unemployment insurance.

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Tax Professional: ABC Accounting Group, Certified Public Accountant (CPA) replied 20 days ago

Let me know if this helps and if you have any questions. Thank you.

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ABC Accounting Group
ABC Accounting Group
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