I started my 401K plan in Oct of 2005. Do you have to claim 401K information on your taxes? When I called Schwabb the other day to increase my contributions a recording noted that the 2006 tax forms would be mailed out on Jan 31st. I'm just confused because I didn't get anything in the mail in 2005 and was just wondering if I would get one now. I have everything I need to file now I just don't want to do it if I am going to have to claim something from this 401K.

Jennifer

Are the contributions through your employer? Are you self employed?

I contribute 5% of my income, employer matches 4%

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Originally Posted by jbakabiss

I started my 401K plan in Oct of 2005. Do you have to claim 401K information on your taxes? When I called Schwabb the other day to increase my contributions a recording noted that the 2006 tax forms would be mailed out on Jan 31st. I'm just confused because I didn't get anything in the mail in 2005 and was just wondering if I would get one now. I have everything I need to file now I just don't want to do it if I am going to have to claim something from this 401K.

Jennifer

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I am not self employed

As long as the funds are still in the plan then there is no tax reporting necessary. That phone nessage was proably a general message for all plan participants, some of whom may have taken distributions during the year.