- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I have a 1099 div from 401K. Do I enter in this years return? I thought I pay taxes only when I withdraw from 401K?
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I have a 1099 div from 401K. Do I enter in this years return? I thought I pay taxes only when I withdraw from 401K?
Are you sure it's from your 401K? In tax-deferred accounts such as IRAs, 401(k)s and annuities, there is no current taxable event when dividends are paid within the plan; therefore no 1099-DIV is sent to the investor.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I have a 1099 div from 401K. Do I enter in this years return? I thought I pay taxes only when I withdraw from 401K?
Are you sure it's from your 401K? In tax-deferred accounts such as IRAs, 401(k)s and annuities, there is no current taxable event when dividends are paid within the plan; therefore no 1099-DIV is sent to the investor.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I have a 1099 div from 401K. Do I enter in this years return? I thought I pay taxes only when I withdraw from 401K?
Did you find the answer. I am in a similar situation.. got a rollover to ira from 401k, the dividend came afterwards and was deposited into the ira account - meaning was not used as a distribution. I still got a 1099-div for this, I need to figure out how to claim it as expense after reporting it in income section.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I have a 1099 div from 401K. Do I enter in this years return? I thought I pay taxes only when I withdraw from 401K?
Contact the 1099-Div issuer ... it should NOT have been issued for a 401K or IRA account.
Still have questions?
Or browse the Forums