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Yes, if you withdrew money from your 401(k) during the year, you will need to report it on your Tax Return. You will receive a Form 1099-R reporting the distribution.
Fortunately, because you are over the age of 59 1/2, the IRS does not consider it an "early" distribution so you will not be subject to the 10% Early Withdrawal Penalty.
Yes, if you withdrew money from your 401(k) during the year, you will need to report it on your Tax Return. You will receive a Form 1099-R reporting the distribution.
Fortunately, because you are over the age of 59 1/2, the IRS does not consider it an "early" distribution so you will not be subject to the 10% Early Withdrawal Penalty.
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