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drb92
New Member

Do I have to pay taxes on a retirement account that I was forced to close because I left the job?

I was not able to roll over my 401k when I went to a new job because there was not enough in it.
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1 Reply
DawnC
Expert Alumni

Do I have to pay taxes on a retirement account that I was forced to close because I left the job?

Yes, you have to pay taxes on your retirement distributions (unless it was funded with post-tax money).   Where do I enter a 1099-R?

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