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New Member
posted Feb 22, 2025 1:22:02 AM

withdrew 401k early

so i applied to withdraw my 401k early. it was approved and i received the check in january. so the check had the date of december 30th 2024 but i didnt receive it until january 2025, which i then deposited to my bank account. my question is would i have to report it on my taxes this year or until next year? i keep checking the account and havent seen any 1099 posted on there it only says no files at this time. any help is appreciated

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1 Replies
Expert Alumni
Feb 22, 2025 4:38:37 AM

If the check was dated December 2024, then it seems that the distribution was processed in 2024.  This would mean that you should have a 2024 Form 1099-R reporting the distribution.  Since you have not received one, you might want to call the plan administrator to get clarification about when the Form 1099-R will be issued.