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Retirement tax questions
No, they shouldn't asked for copies of the W-2s.
When you later take a distribution which include the earnings it will be taxable income and taxed according to your tax bracket. It will be treated the same way as any other regular distribution from the 401k. If you take a distribution before 59 1/2 you will pay the 10% penalty unless you meet an exception.
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March 6, 2025
4:25 AM
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