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    Max Beaman's Avatar
    Max Beaman Posts: 1, Reputation: 1
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    #1

    Jan 11, 2010, 08:55 AM
    Can a 401k distribution taken in one year be claimed as income on the preceding year
    If I take a 401k distribution in January 2010 can I claim it as income on my 2009 tax return?
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Jan 11, 2010, 10:10 AM

    Income received in January 2010 is 2010 income. However, if the distribution check is actually dated 2009, I think you can argue it's 2009 income even if you didn't receive it in the mail until 2010.
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
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    #3

    Jan 11, 2010, 11:43 PM

    If the 401k administrator report this as 2009 withdrawal, then you report on 2009 tax return. Else on 2010 tax return.
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #4

    Jan 12, 2010, 07:16 AM
    Quote Originally Posted by MukatA View Post
    If the 401k administrator report this as 2009 withdrawal, then you report on 2009 tax return. Else on 2010 tax return.
    Good point - if this is a 2009 withdrawal you should receive a 1099-R from the administrator for tax year 2009.
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