bandcclare
Feb 17, 2008, 03:34 PM
Do I claim gains or losses on a company-sponsored 401(K) savings and investment plan? I did not get 1099 from my employer.
ebaines
Feb 18, 2008, 08:31 AM
Do I claim gains or losses on a company-sponsored 401(K) savings and investment plan? I did not get 1099 from my employer.
No - any earning in your 401(k) are tax-deffered until you make withdrawals; at that time you pay ordinary income tax on the earnings and pre-tax contribution portion of the withdrawal.