how to file taxes with 401k early withdrawal

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jason123

Mar 7, 2007, 09:22 AM

I took an early withdrawal from my 401k this year, and I'm kind of confused as how to file that on my taxes. Do I use a regular 1040 form? I've always just used a 1040EZ in the past. Are there any other special forms I need to fill out? Also, would tax software such as TurboTax handle all of this for me?

Thanks in advance.

AtlantaTaxExpert

Mar 8, 2007, 11:37 AM

There is a variety of issues involved with this.

Get professional tax help. He/she may be able to mitigate the cost of the early withdrawal, depending on WHY you made the withdrawal.