1. There is no amount limits to your distributions from your 401(k) or your Roth 401(k) accounts.
2. If you are over age 59 1/2 at the time of the distributions, there is no penalty on the distribution from your 401(k) but tax is due on your the total distribution on the year of distribution. There is no possibility to spread the taxation over several years. Distributions from for Roth 401(k) are tax free if you are older than 59 1/2 and have had the Roth account for more than five years.
3. TurboTax Premier can handle the reporting of your distributions.
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