Intuit Alumni

Retirement tax questions

No, that is not true.

You are required to report all of your worldwide income on your tax return.  So, yes, you would enter any tax documents that you receive reporting income on your tax return. 

An early withdrawal from a retirement plan would certainly be reported on your tax return because you are likely to owe income taxes and an early distribution penalty. 

In some cases (such as bank account interest), you may have income to report and no tax document in hand reporting it to you. 

View solution in original post