I took out my 401k as an early withdrawal. Was taxed on it at the time. I used it money to pay some bills off as I was getting seriously in debt. I put in my 1099-r forms and am now seeing my estimated refund drop from around 1k to 540$. I didn't take it out as a hardship withdrawal either. Can I put in the "other reasons" box the amount I took out?
See the instructions for Form 5329 for the permissible Other reasons that qualify as an exception to the early-distribution penalty: <a rel="nofollow" target="_blank" href="https://www.irs.gov/instructions/i5329#idm140449226340160">https://www.irs.gov/instructions/i5329#id...>