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    tkbowl's Avatar
    tkbowl Posts: 4, Reputation: 1
    New Member
    		  
    #1

    Jan 31, 2008, 03:27 PM
    401k early dist.
    Mywould be greatly appreciated.
    bigjohncos's Avatar
    bigjohncos Posts: 3, Reputation: 1
    New Member
    		  
    #2

    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's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    Feb 1, 2008, 11:33 PM
    Agreed.
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #4

    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's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #5

    Feb 3, 2008, 06:42 PM
    Agreed.
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