I am not in USA and do not have any income . I wanted to withdraw my 401k amount , as there will be tax deduction on 401k amount so can I file tax return? No w2 fomr

[manojrshelke]

No w2 form and no other income in usa.

[xmasbaby0]

If you take money out of your retirement account before you are 59 1/2 years old, you will pay an early withdrawal penalty of 10%, and ordinary income tax based on your tax bracket.   If you take the money out in 2023, then in January/early February you will receive a 1099R that you must enter on your tax return.    

To enter your retirement income, Go to  Federal> Wages and Income>Retirement Plans and Social Security>IRA  401 k) Pension Plan Withdrawals to enter your 1099R.

[manojrshelke]

I have principal finance 401k plan and hope that post withdrawal i will get 1099R form . On basis on this form I can file tax return? That mean no W2 or any other forms are needed coz I do not have any income

[xmasbaby0]

Yes you can file a tax return with just the 1099R.   You do not have to have a W-2 in order to file a tax return.  When the software asks if you have a W-2 to enter you say NO or just skip past that section and enter your 1099R.

[xmasbaby0]

One thing.....you say you are not in the U.S.    Are you a U.S. citizen----or a non-resident alien?   If you are a non-resident alien, you cannot use TurboTax.   

NON RESIDENT ALIEN  

If you are a non-resident alien, your return must be filed on Form 1040NR, which cannot be prepared using TurboTax.  You can use TT’s partner, sprintax:

https://www.sprintax.com/non-resident-alien-tax-1040nr-turbotax.html