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ozaslan
New Member

Is the value in Box 11 of W-2 included in calculation of Box 1? I withdrew some money from my retirement plan under Cares act. Is the amount in Box 11 that money?

I am summing the my salary, RSU and 401(k) withdrawal, and see a huge difference between this and Box 1. Is early withdrawal from 401(k) not taxable?
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2 Replies

Is the value in Box 11 of W-2 included in calculation of Box 1? I withdrew some money from my retirement plan under Cares act. Is the amount in Box 11 that money?

Box 11 reports distributions from non-qualified plans (like a 457(b) plan) that are included in box 1 and have nothing to do with a 401(k).

 

A distribution from a 401(k) would be reported to you on a 1099-R.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
ozaslan
New Member

Is the value in Box 11 of W-2 included in calculation of Box 1? I withdrew some money from my retirement plan under Cares act. Is the amount in Box 11 that money?

Thanks @macuser_22   a lot for your quick reply.

 

My ignorance will further manifest, apologies in advance.

 

I do not think I am ever enrolled to a 457(b) plan. The only retirement related plan I was enrolled is a 401(k), and it is plain, no Roth or anything else. Other than 401(k), I also received some RSUs. I was expecting (salary + RSU + early withdrawal from 401(k)) would sum up to the value in Box-1 but there is huge difference (about 30%). It seems to me that either early withdrawal or RSU's are not included in my W-2. Is this possible?

 

I also did not receive a 1099-R. How can I get that form? My ex-employer was working with Fidelity. Is it Fidelity's responsibility to send me a 1099-R?

 

Thanks

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