401K withdral before age 59.5. Taxes fees paid. How to report it or do I need to report it at all?

daler_z — Tue, 04 Jun 2019 00:14:45 GMT

Yes, you do need to report 401K distribution. In fact, yo...

MargaretL — Tue, 04 Jun 2019 00:14:46 GMT

Yes, you do need to report 401K distribution. In fact, you should receive form 1099-R from your 401K administrator reporting the withdrawal- and that's how it should be reported on your tax return.

Here is 1099-R data entry:

Federal Taxes
Wages and Income
Scroll down to Retirement Plans and Social Security
Select IRA, 401(k), Pension Plans (1099-R)

topic 401K withdral before age 59.5. Taxes fees paid. How to report it or do I need to report it at all? in Retirement tax questions

401K withdral before age 59.5. Taxes fees paid. How to report it or do I need to report it at all?

Yes, you do need to report 401K distribution. In fact, yo...