Cashed out and taxable.
According to the IRS:
“Don’t include any of the following.
• Distributions not taxable as the result of a rollover or a trustee-totrustee transfer.
• Distributions that are taxable as the result of an in-plan rollover to your designated Roth account.
• Distributions from your eligible retirement plan (other than a Roth IRA) rolled over or converted to your Roth IRA.
• Loans from a qualified employer plan treated as a distribution.
• Distributions of excess contributions or deferrals (and income allocable to such contributions or deferrals).
• Distributions of contributions made to an IRA during a tax year and returned (with any income allocable to such contributions) on or before the due date (including extensions) for that tax year.
• Distributions of dividends paid on stock held by an employee stock ownership plan under section 404(k).
• Distributions from a military retirement plan (other than the federal TSP).
• Distributions from an inherited IRA by a nonspousal beneficiary.
IRS Source
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
