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-   -   401k early dist. (https://www.askmehelpdesk.com/showthread.php?t=179035)

  • Jan 31, 2008, 03:27 PM
    tkbowl
    401k early dist.
    Mywould be greatly appreciated.
  • Jan 31, 2008, 05:50 PM
    bigjohncos
    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
  • Feb 1, 2008, 11:33 PM
    AtlantaTaxExpert
    Agreed.
  • Feb 2, 2008, 04:56 AM
    MukatA
    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.
  • Feb 3, 2008, 06:42 PM
    AtlantaTaxExpert
    Agreed.

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