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guti0411
New Member

I have a statement were I had to withdrawal money from my 401k as a hardship loan how can I add it to my taxes or can I add it

 
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I have a statement were I had to withdrawal money from my 401k as a hardship loan how can I add it to my taxes or can I add it

If it is a loan and you are paying it back, there is nothing you need to add to the tax return.

Now if was a loan, and you stopped paying it back, then you would get a 1099R and that has to entered on the tax return.

After you enter the 1099R it would ask about exceptions from the 10% penalty for early withdrawal.

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I have a statement were I had to withdrawal money from my 401k as a hardship loan how can I add it to my taxes or can I add it

If it is a loan and you are paying it back, there is nothing you need to add to the tax return.

Now if was a loan, and you stopped paying it back, then you would get a 1099R and that has to entered on the tax return.

After you enter the 1099R it would ask about exceptions from the 10% penalty for early withdrawal.

guti0411
New Member

I have a statement were I had to withdrawal money from my 401k as a hardship loan how can I add it to my taxes or can I add it

What can I do cause they usually send me does forms after April or by April is there a way I can get them faster

I have a statement were I had to withdrawal money from my 401k as a hardship loan how can I add it to my taxes or can I add it

Call the folks that are in charge of the 401K Plan (the custodian of the account) as 1099R's are suppose to be mailed by 1-31-2019.

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