I took $ out of my 401(k)due to a financial emergency, totaling 18K. Can I add that full amount in the "Distributions not subject to Additional Tax?" Or is there a limit?

aeholien · ‎February 4, 2025

MinhT1 · ‎February 4, 2025

For a personal emergency, you can draw up to $1,000, once a year. This disposition is new in 2024.

Please read this TurboTax Help article for more information.

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aeholien · ‎February 4, 2025

Thank you! So are you saying I can only put 1000 in like W of that sheet.

MinhT1 · ‎February 4, 2025

Yes, you can only exclude $1,000 from the early withdrawal penalty.

What line W are you are referring? On what form?

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