No. Moving expenses are not deductible for anyone except active duty members of the military. Using your retirement money to buy a camper or a truck is not deductible, nor is it any sort of exception to making that income taxable. Ifyou are under 59 1/2 you will also owe a 10% early withdrawal penalty for the distribution from the retirement account, as well as ordinary income tax.
You will get a 1099R for the money you took from your retirement account.
Go to Federal> Wages and Income>Retirement Plans and Social Security>IRA 401 k) Pension Plan Withdrawals to enter your 1099R.
No. Moving expenses are not deductible for anyone except active duty members of the military. Using your retirement money to buy a camper or a truck is not deductible, nor is it any sort of exception to making that income taxable. Ifyou are under 59 1/2 you will also owe a 10% early withdrawal penalty for the distribution from the retirement account, as well as ordinary income tax.
You will get a 1099R for the money you took from your retirement account.
Go to Federal> Wages and Income>Retirement Plans and Social Security>IRA 401 k) Pension Plan Withdrawals to enter your 1099R.