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    bamboozle's Avatar
    bamboozle Posts: 2, Reputation: 1
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    #1

    Mar 12, 2008, 11:27 AM
    Are withdrawals from retirement accounts listed as capital gains?
    Clough's Avatar
    Clough Posts: 26,677, Reputation: 1649
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    #2

    Mar 12, 2008, 10:53 PM
    (Piggybacked question from Introductions moved to its own thread in a more appropriate topic area in order to get the most exposure to those best able to answer the question.)
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #3

    Mar 13, 2008, 05:52 AM
    No - if you are talking about a withdrawal from an IRA you show it on line 15 of form 1040 ("IRA Distributions"), and if it's a withdrawal from a 401(k) you report it on line 16 ("Pensions and annuities"). If you owe an early withdrawal penalty you show that on line 60 ("Additional tax on IRAs, other qualified retirement plans, etc.").
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