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Level 1
June 6, 2019
Question

I cashed out one of my 401K in January 2017. Do I have to claim this on my 2016 taxes?

  • June 6, 2019
  • 1 reply
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1 reply

DoninGA
Level 15
Level 15
June 6, 2019

No.  The distribution will need to be reported on the 2017 tax return that will be filed in 2018.  You will receive a Form 1099-R for the distribution.