@matt666666 wrote:
I am under 59. It must be a 401k or it is government thrift savings plan. I thought since I had savings ir was saving in 2019, it would not apply to my 2019 taxes. It is 2020 when I withdrew the money. It had 3% interest which isn't much on $700, and they said I could no longer and they would no longer add contributions to it after I left the company.
If you received a distribution from a tax deferred retirement account in 2020 you will receive a Form 1099-R in January 2021 reporting the distribution. You enter the Form 1099-R on your 2020 tax return next year.
