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Retirement tax questions
Not exactly sure what your question is. If you left a job and had to take out your retirement (was it a 401K?) yes you have to include the total amount before taxes as income and taxed at your regular income bracket. You will get a 1099R for it in January. You will get credit for any tax withholding they took out. By the way you have (or had) 60 days to roll it over to a IRA to avoid the tax on it.
‎August 26, 2024
9:52 AM
7,867 Views