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tericrown
New Member

I closed out a small 401k on Jan 13 2018 and had them take minimum taxes out. Will I claim the withdrawal on my 2017 or 2018 taxes?

 
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HelenaC
New Member

I closed out a small 401k on Jan 13 2018 and had them take minimum taxes out. Will I claim the withdrawal on my 2017 or 2018 taxes?

Since you took it out Jan 13, 2018, you would claim it on your 2018 income tax return. Your 401K bank administrator will send you form 1099-R - IRS.gov  sometime in January, 2019.

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HelenaC
New Member

I closed out a small 401k on Jan 13 2018 and had them take minimum taxes out. Will I claim the withdrawal on my 2017 or 2018 taxes?

Since you took it out Jan 13, 2018, you would claim it on your 2018 income tax return. Your 401K bank administrator will send you form 1099-R - IRS.gov  sometime in January, 2019.

Related information:

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