- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
What do you mean by "removing a 401k plan" ? If you take money out of your 401k you will pay tax on the money. If you are younger than 59 1/2 you will also pay a 10% early withdrawal fee for taking out the money.
Did you take money out in 2022? Do you have a 1099R ? If you have a 1099R you have to enter it on your tax return.
To enter your retirement income, Go to Federal> Wages and Income>Retirement Plans and Social Security>IRA 401 k) Pension Plan Withdrawals to enter your 1099R.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
‎February 16, 2023
10:44 AM