My 401k withdrawal was used to pay my mothers fineral bill

y824ux5ap4 · ‎June 6, 2019

I used a 401k withdrawal to pay for my mothers funeral. It says death is a reason that will lower my tax bill but does it matter whose death it was?

MaryK1 · ‎June 6, 2019

No, the Box 7 Code 4 Death applies to inherited retirement distributions- if you receive the distribution as a beneficiary, you do not have to pay the additional tax. In your case, it does not apply. I am sorry for your loss.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

My 401k withdrawal was used to pay my mothers fineral bill

Retirement tax questions