Solved: If I withdrew funds from my 401K used to buy a house, are those funds considered income ?

If I withdrew funds from my 401K used to buy a house, are those funds considered income ?

posted

Yes, this will be income - you should receive a 1099 showing the amount to report. Depending on the amount, you may also be subject to early withdrawal penalties.

View solution in original post

Yes, this will be income - you should receive a 1099 showing the amount to report. Depending on the amount, you may also be subject to early withdrawal penalties.

I completed all the information for 2024 income taxes. I didn't have the funds to pay turbo tax. How can I retrieve my 2024 and continue to file?

in Get your taxes done using TurboTax

Expert does your taxes

Do it yourself

Resources

Support

If I withdrew funds from my 401K used to buy a house, are those funds considered income ?

If I withdrew funds from my 401K used to buy a house, are those funds considered income ?

If I withdrew funds from my 401K used to buy a house, are those funds considered income ?

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

If I withdrew funds from my 401K used to buy a house, are those funds considered income ?

Do you have an Intuit account?

If I withdrew funds from my 401K used to buy a house, are those funds considered income ?

If I withdrew funds from my 401K used to buy a house, are those funds considered income ?

Unlock tailored help options in your account.

Get more help

Related Content