2894151
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

debrae70
New Member

I resigned for a job and the balance is what I took out.

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

I resigned for a job and the balance is what I took out.

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?

I resigned for a job and the balance is what I took out.

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 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question