topic What form do I use to report a withdrawal from a trust fund that was set up from a 401k? None of the monies in the fund have been taxed I know I have to pay taxes on any withdrawal from a 401k Turbo Tax only sees it as DIV/INT. in Business & farm

What form do I use to report a withdrawal from a trust fund that was set up from a 401k? None of the monies in the fund have been taxed I know I have to pay taxes on any withdrawal from a 401k Turbo Tax only sees it as DIV/INT.

Ubsil198 — Fri, 19 Mar 2021 01:00:48 GMT

Re: What form do I use to report a withdrawal from a trust fund that was set up from a 401k? None of the monies in the fund have been taxed I know I have to pay taxes on any withdrawal from a 401k Turbo Tax only sees it as DIV/INT.

Critter-3 — Fri, 19 Mar 2021 01:35:18 GMT

What are you talking about ??? Did a 401K get rolled to an IRA ? Is the IRA in a trust ? Did the trust file it's own return yet ?? If so did they issue you a K-1 ?

Re: What form do I use to report a withdrawal from a trust fund that was set up from a 401k? None of the monies in the fund have been taxed I know I have to pay taxes on any withdrawal from a 401k Turbo Tax only sees it as DIV/INT.

Ubsil198 — Fri, 19 Mar 2021 01:46:12 GMT

The 401k was put into a trust. I'm trying to file the return for the trust. None of the money was distributed to a beneficiary it was moved to another trust account to pay bills.