☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 5, 2019 11:27:39 AM

Should I report that I closed my 401k and received my money in January 2018?

0 1 458
1 Best answer
Intuit Alumni
Jun 5, 2019 11:27:41 AM

No, you should not.  You would report the distribution received in 2018 on your 2018 taxes.  For 2017 taxes, which you are filing now, should not include any income received in 2018.  

1 Replies
Intuit Alumni
Jun 5, 2019 11:27:41 AM

No, you should not.  You would report the distribution received in 2018 on your 2018 taxes.  For 2017 taxes, which you are filing now, should not include any income received in 2018.