I had an early 401k withdrawal being used to pay for medical expenses. Why does it appear to be showing as still fully taxable when it wasn't on previous tax years?

nicole-b52 · ‎June 6, 2019

I had a couple early 401k withdrawals, the largest one was under a hardship and all used for medical expenses. Looks like still being 100% taxed when I wasn't in previous years.

SweetieJean · ‎June 6, 2019

It is (and always has been) fully taxable, but may be exempt from the 10% penalty.

https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-tax-on-early-distri...

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SweetieJean · ‎June 6, 2019

It is (and always has been) fully taxable, but may be exempt from the 10% penalty.

https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-tax-on-early-distri...

nicole-b52 · ‎June 6, 2019

Thanks for your help. Now I understand it. I appreciate your time.

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I had an early 401k withdrawal being used to pay for medical expenses. Why does it appear to be showing as still fully taxable when it wasn't on previous tax years?

I had an early 401k withdrawal being used to pay for medical expenses. Why does it appear to be showing as still fully taxable when it wasn't on previous tax years?

I had an early 401k withdrawal being used to pay for medical expenses. Why does it appear to be showing as still fully taxable when it wasn't on previous tax years?

I had an early 401k withdrawal being used to pay for medical expenses. Why does it appear to be showing as still fully taxable when it wasn't on previous tax years?

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I had an early 401k withdrawal being used to pay for medical expenses. Why does it appear to be showing as still fully taxable when it wasn't on previous tax years?

I had an early 401k withdrawal being used to pay for medical expenses. Why does it appear to be showing as still fully taxable when it wasn't on previous tax years?

I had an early 401k withdrawal being used to pay for medical expenses. Why does it appear to be showing as still fully taxable when it wasn't on previous tax years?

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