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Retirement tax questions
You should get two different 1099-R forms, because the funds should have been in different accounts even if they were in the same overall plan.
All withdrawals from the 401k are subject to income tax plus a 10% penalty for early withdrawal.
Withdrawals of contributions from the Roth account are non-taxable. Withdrawal of earnings will be subject to income tax plus a 10% penalty in your situation.
‎January 31, 2023
6:46 PM