I am not in USA and do not have any income . I wanted to withdraw my 401k amount , as there will be tax deduction on 401k amount so can I file tax return? No w2 fomr

Forum|Forum|2 years ago
December 15, 2023
1 reply
7 views

No w2 form and no other income in usa.

TurboTax Online

xmasbaby0

Level 15

If you take money out of your retirement account before you are 59 1/2 years old, you will pay an early withdrawal penalty of 10%, and ordinary income tax based on your tax bracket. If you take the money out in 2023, then in January/early February you will receive a 1099R that you must enter on your tax return.

To enter your retirement income, Go to Federal> Wages and Income>Retirement Plans and Social Security>IRA 401 k) Pension Plan Withdrawals to enter your 1099R.

**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.**

manojrshelkeAuthor

Level 2

I have principal finance 401k plan and hope that post withdrawal i will get 1099R form . On basis on this form I can file tax return? That mean no W2 or any other forms are needed coz I do not have any income

xmasbaby0

Level 15

Yes you can file a tax return with just the 1099R. You do not have to have a W-2 in order to file a tax return. When the software asks if you have a W-2 to enter you say NO or just skip past that section and enter your 1099R.