Remember, too, that you pay ordinary income tax on the money taken from your 401k. Did you have tax withheld from the distribution when you took the money out?
When you enter it all into the software, the calculations are done to reconcile the amount of income you received and the amount of tax that was withheld. You might owe more or you might get a refund.
**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.**
