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Level 2
September 16, 2023
Question

401k Withdrawal

  • September 16, 2023
  • 1 reply
  • 19 views

I withdrew my entire 401k and I can’t remember if I entered the information when I filed my taxes. I want to make sure I don’t need to amend my taxes. Where can you find that on your tax documents to show you already added it?

1 reply

VolvoGirl
Level 15
September 16, 2023

Check if it's in your 1040 line 5a  (gross amt) and  5b (taxable amt).   And any withholding in box 4 on line 25b.

 

Level 2
September 16, 2023

There are amounts in 4b (taxable amount) and 25b. Does that mean I did add it?

VolvoGirl
Level 15
September 16, 2023

No.  4b is for IRA withdrawals.  A 401k is on line 5 unless you made a mistake entering it.  Do you have any other 1099R forms?  If your 401K got on line 4 the IRS might miss it and say you didn't report it.