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stebs55
New Member

As Seniors we have our pensions, social security and 401k. Is our 401k monthly withdrawals considered investments or ordinary income?

We are trying to determing if we can use just the regular tax program or need the stock investment/property program.
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NancyG
New Member

As Seniors we have our pensions, social security and 401k. Is our 401k monthly withdrawals considered investments or ordinary income?

The 401(k) monthly distributions are ordinary income, not investment income.

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1 Reply
NancyG
New Member

As Seniors we have our pensions, social security and 401k. Is our 401k monthly withdrawals considered investments or ordinary income?

The 401(k) monthly distributions are ordinary income, not investment income.

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