https://ttlc.intuit.com/community/taxes/discussion/i-resigned-for-a-job-and-the-balance-is-what-i-took-out/01/2894151#M1056143 Mon, 23 Feb 2026 12:10:02 GMT debrae70 2026-02-23T12:10:02Z https://ttlc.intuit.com/community/taxes/discussion/i-resigned-for-a-job-and-the-balance-is-what-i-took-out/01/2894151#M1056143 Mon, 23 Feb 2026 12:10:02 GMT https://ttlc.intuit.com/community/taxes/discussion/i-resigned-for-a-job-and-the-balance-is-what-i-took-out/01/2894151#M1056143 debrae70 2026-02-23T12:10:02Z https://ttlc.intuit.com/community/taxes/discussion/re-i-resigned-for-a-job-and-the-balance-is-what-i-took-out/01/2894157#M1056146 <P>Can you be more specific about your situation? No one here can see your return. What form (i.e., W-2) are you working on? Is this "balance" unpaid wages, or money in an account you had thru that employer (such as a 401(k) or HSA)? Did you "take out" this "balance" in 2022, or 2023?</P> Sun, 19 Feb 2023 05:28:32 GMT https://ttlc.intuit.com/community/taxes/discussion/re-i-resigned-for-a-job-and-the-balance-is-what-i-took-out/01/2894157#M1056146 RBBrittain 2023-02-19T05:28:32Z https://ttlc.intuit.com/community/taxes/discussion/re-i-resigned-for-a-job-and-the-balance-is-what-i-took-out/01/2894209#M1056167 <P>in other words what exactly did you take out? this is crucial. for example, if you contributed to a 401(k) plan at your employer and when you left you took the money out of the account you should have received a 1099-R for the distribution and not only will you owe taxes on it but if you are not 55 penalties for a premature distribution unless you put it into another retirement account within 60 days&nbsp;</P> Sun, 19 Feb 2023 06:29:42 GMT https://ttlc.intuit.com/community/taxes/discussion/re-i-resigned-for-a-job-and-the-balance-is-what-i-took-out/01/2894209#M1056167 Mike9241 2023-02-19T06:29:42Z