PDA

View Full Version : 401k early dist.


tkbowl
Jan 31, 2008, 03:27 PM
Mywould be greatly appreciated.

bigjohncos
Jan 31, 2008, 05:50 PM
You need to go to a good accountant firm and pay them a couple of hunderd dollars you would be supries what they can do for you they would get a biger retrun

AtlantaTaxExpert
Feb 1, 2008, 11:33 PM
Agreed.

MukatA
Feb 2, 2008, 04:56 AM
For early withdrawal form 401K, your plan administrator will send you a 1099-R form, showing income received and taxes withheld. You show the income on line 16 of your 1040, and the 10% penalty on line 60. If you are under 59-1/2 years of age, the withdrawal is subject to the 10% penalty.

AtlantaTaxExpert
Feb 3, 2008, 06:42 PM
Agreed.