scythia23
New Member

Distributions from retirement plans. Paid penalties in 2017. The penalties were more than distributions were. But, it makes our taxes higher now even though its paid for?

Had a 401k with a previous employer. Switched jobs and did not switch 401k to new employer. Old 401k auto closed and distributed in 2016. had to pay penalties in 2017 but I have a new 401k which I make contributions to with employment check.  Since the penalties are paid do I need to input my 1099-R from 2017? (did not receive a 1099-R for 2018)