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Get your taxes done using TurboTax
@taxesarefun4 Your 401(k) withdrawal is not a taxable event, based upon your description of what occurred. You will have to report the withdrawal on your tax return. You should receive a Form 1099-R from your 401(k) trustee. After you enter the 1099-R, there is a page that asks "What Did You Do With The Money From [Retirement Plan]"?
Be sure you indicate that you "rolled over all of this money to an IRA or other retirement account (or returned it to the same account)." Answering these questions correctly will result in your distribution showing up as non-taxable.
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‎January 24, 2021
7:45 PM