topic I worked for a company for a short amount of time. When I left, my 401k was disbursed to me. So what is my reason for withdrawal of the funds? in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/i-worked-for-a-company-for-a-short-amount-of-time-when-i-left-my-401k-was-disbursed-to-me-so-what-is/01/3216912#M213672 Tue, 10 Feb 2026 10:48:44 GMT mark889 2026-02-10T10:48:44Z I worked for a company for a short amount of time. When I left, my 401k was disbursed to me. So what is my reason for withdrawal of the funds? https://ttlc.intuit.com/community/retirement/discussion/i-worked-for-a-company-for-a-short-amount-of-time-when-i-left-my-401k-was-disbursed-to-me-so-what-is/01/3216912#M213672 Tue, 10 Feb 2026 10:48:44 GMT https://ttlc.intuit.com/community/retirement/discussion/i-worked-for-a-company-for-a-short-amount-of-time-when-i-left-my-401k-was-disbursed-to-me-so-what-is/01/3216912#M213672 mark889 2026-02-10T10:48:44Z Re: I worked for a company for a short amount of time. When I left, my 401k was disbursed to me. ... https://ttlc.intuit.com/community/retirement/discussion/re-i-worked-for-a-company-for-a-short-amount-of-time-when-i-left-my-401k-was-disbursed-to-me/01/3217001#M213677 <P>This is a normal withdrawal, not a rollover or conversion.</P><P>&nbsp;</P><P>The amount withdrawn is taxable, and if you are younger than 591/2, it's also subject to a 10% early withdrawal penalty.</P><P>&nbsp;</P><P>The 10% penalty can be waived if you happen to have one of the exceptions listed in this <A href="https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-exceptions-to-tax-on-early-distributions" target="_blank">IRS document</A>.</P><P>&nbsp;</P><P>In TurboTax Online, in the interview, which follows the entry of your form 1099-R, on the screen asking <STRONG>Tell us if you moved the money through a rollover or conversion</STRONG>, reply: <STRONG>I didn't rollover or convert this money.</STRONG></P><P>&nbsp;</P> Sun, 25 Feb 2024 13:24:07 GMT https://ttlc.intuit.com/community/retirement/discussion/re-i-worked-for-a-company-for-a-short-amount-of-time-when-i-left-my-401k-was-disbursed-to-me/01/3217001#M213677 MinhT1 2024-02-25T13:24:07Z Re: I worked for a company for a short amount of time. When I left, my 401k was disbursed to me. ... https://ttlc.intuit.com/community/retirement/discussion/re-i-worked-for-a-company-for-a-short-amount-of-time-when-i-left-my-401k-was-disbursed-to-me/01/3217179#M213698 <P>"left my employment" is not one of the exceptions.</P> Sun, 25 Feb 2024 15:19:11 GMT https://ttlc.intuit.com/community/retirement/discussion/re-i-worked-for-a-company-for-a-short-amount-of-time-when-i-left-my-401k-was-disbursed-to-me/01/3217179#M213698 fanfare 2024-02-25T15:19:11Z