401k distribution taxable amount

[TomD8]

Distributions from a regular 401K are taxable as ordinary income.  Normally 20% of your distributions will be withheld for federal taxes.  The IRS assesses an additional 10% early withdrawal tax on distributions taken before age 59 1/2, unless you qualify for one of the exceptions.  You will receive a Form 1099-R at year's end giving you the specific dollar amounts.  Here's what the form looks like: https://www.irs.gov/pub/irs-pdf/f1099r.pdf 

[SweetieJean]

Go to Federal taxes; Wages and Income; Retirement to enter the 1099-R.