Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
xanadu9000
New Member

401k was distributed early because Fidelity did not have the minimum of $1000 to keep the account open. the check was sent to my soon to be x who stole it. Is there help

 
1 Best answer

Accepted Solutions
Fern
New Member

401k was distributed early because Fidelity did not have the minimum of $1000 to keep the account open. the check was sent to my soon to be x who stole it. Is there help

You need to report the income from the distribution. You should have received a 1099 R for this.

The 1099 R will be entered in the Retirement Plans and Social Security section.
• Select Federal Taxes
• Select Wages and Income
• Select Show More at Retirement Plans and Social Security
• Select IRA, 401(k), Pension Plan Withdrawals (1099-R)

You can also report the theft as a casualty loss.

Select Federal Taxes
Select Deductions and Credits
Select Show More at Other Deductions and Credits
Select Start or Update at Casualties and Thefts

View solution in original post

1 Reply
Fern
New Member

401k was distributed early because Fidelity did not have the minimum of $1000 to keep the account open. the check was sent to my soon to be x who stole it. Is there help

You need to report the income from the distribution. You should have received a 1099 R for this.

The 1099 R will be entered in the Retirement Plans and Social Security section.
• Select Federal Taxes
• Select Wages and Income
• Select Show More at Retirement Plans and Social Security
• Select IRA, 401(k), Pension Plan Withdrawals (1099-R)

You can also report the theft as a casualty loss.

Select Federal Taxes
Select Deductions and Credits
Select Show More at Other Deductions and Credits
Select Start or Update at Casualties and Thefts

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.48m
Members

2.6m
Discussions

Manage cookies
v