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    bandcclare's Avatar
    bandcclare Posts: 1, Reputation: 1
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    #1

    Feb 17, 2008, 03:34 PM
    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.
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    Feb 18, 2008, 08:31 AM
    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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