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Early 401k Withdrawal

1 reply
19 views

My wife quit her job and withdrew her 401k. She withdrew it over the phone and was told they would tax 20% at the time and then "we would owe more when we filed out taxes" but all she received was a confirmation that the money was withdrawn, she hasnt recieved a 1099-R, what do I?

TurboTax Deluxe Online

rjsAnswer

Level 15

Wait for the 1099-R. The plan has until January 31 to mail it to your wife. She'll probably get it within a few days after that. (Does the plan have her current address?) If she doesn't get it in early February, call the plan or the employer and ask about it.

Answer

Level 15

Wait for the 1099-R. The plan has until January 31 to mail it to your wife. She'll probably get it within a few days after that. (Does the plan have her current address?) If she doesn't get it in early February, call the plan or the employer and ask about it.