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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

 
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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

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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
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