I am brand new here and I don't know where to post my question so I ask a similar question here:
I received my old company's 401k class settlement payment for the company's mishandling of its 401k funds. I didn't know its potential tax consequence so I cashed the payment check. When doing my Turbo Tax now I am told I should pay early withdrawal penalty. I actually didn't withdraw anything. It was a settlement that I now realize I should put back into my 401k.
In Turbo Tax there are not many options that fit my situation. What shall I do?
Thank you for any advice!
