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At the beginning of last year I changed jobs. Instead of rolling my 401k over, I just withdrew all of it. What do I need to do now that it is time to file taxes?

 
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At the beginning of last year I changed jobs. Instead of rolling my 401k over, I just withdrew all of it. What do I need to do now that it is time to file taxes?

You will get a 1099R for it.  It will be taxable.

 

Enter a 1099R under

Federal Taxes Tab or Personal (Home & Business)

Wages & Income at the top

 

Then scroll way down to Retirement Plans and Social Security,

Then IRA, 401(k), Pension Plans (1099R) - click Start or Revisit

 

There are 4 boxes.  Be sure to pick the right box for the kind of 1099R you got.

 

 

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