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-   -   401 (K) Taxation (https://www.askmehelpdesk.com/showthread.php?t=185083)

  • Feb 17, 2008, 03:34 PM
    bandcclare
    401 (K) Taxation
    Do I claim gains or losses on a company-sponsored 401(K) savings and investment plan? I did not get 1099 from my employer.
  • Feb 18, 2008, 08:31 AM
    ebaines
    Quote:
    Originally Posted by bandcclare
    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.

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