I received a distribution from my 401h account held by my former employer. Will i receive a 1099 from my former employer

My former employer contributed monies to a 401h account years ago. I withdrew money from that account to pay for COBRA premiums.

posted

Connect with an expert

1 Best answer

Accepted Solutions

I received a distribution from my 401h account held by my former employer. Will i receive a 1099 from my former employer

Yes, you are due a 1099-R for the distribution.

View solution in original post

2 Replies

I received a distribution from my 401h account held by my former employer. Will i receive a 1099 from my former employer

Yes, you are due a 1099-R for the distribution.

I received a distribution from my 401h account held by my former employer. Will i receive a 1099 from my former employer

Per the IRS and Empower Retirement Company (www.empower-Retirement.com) They do not provide 1099-R because this is an after tax paid benefit. https://www.irs.gov/pub/irs-pdf/p11433.pdf.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post