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-   -   Do I have to file 401k contributions the year in which I receive them? (https://www.askmehelpdesk.com/showthread.php?t=311236)

  • Jan 31, 2009, 04:30 PM
    reneeshelp
    Do I have to file 401k contributions the year in which I receive them?
    I was wondering if I could file the 401k contribution that I received last year (2008) when I file my 2009 taxes?
  • Jan 31, 2009, 10:20 PM
    MukatA

    Any withdrawal from 401(k) is reported as income on the tax return in the year you took the withdrawal. You may also have to pay 10% early withdrawal penalty unless the withdrawal meets the requirements of an exception.
    Read Your U.S. Tax Return: Elective Deferrals 401(k) Plans
  • Feb 2, 2009, 01:31 PM
    AtlantaTaxExpert
    Your 401K contributions are automatically deducted from your annual income on your W-2.

    They are reflected on the W-2 in Box #12 with a "D" code.

    More than likely, the difference between your income in Box #1 and the income reported in Box #3 and #5 will be same as the "D" code amount.

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