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

    Sep 26, 2010, 07:35 AM
    For Alanta Tax Expert: 401K withdrawal
    Hello Alanta Tax Expert,

    I was living and working in NY on an H1-B visa until the middle of 2007. I have left the US since then. Last year, I withdrew money from my 401K account. I am currently 30 years old. I have some questions regarding tax return for 2009.

    1) I just want to confirm the full amount I withdrew is included in the taxable income at the federal level.
    2) Do I need to pay New York state tax on the amount I have withdrew? I haven't returned to NY since I left except for a week.
    3) If I need to pay New York state tax, then I will be late in filing my tax return for the state. Do you have any suggestion on how I can reduce the late fee?

    Tom
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Sep 26, 2010, 10:00 AM
    1) Yes, the full amount IS taxable at the federal level.

    2) No NY state tax is due.
    tomabbott's Avatar
    tomabbott Posts: 2, Reputation: 1
    New Member
    		  
    #3

    Sep 26, 2010, 04:19 PM
    Comment on AtlantaTaxExpert's post
    Atlanta Tax Expert:

    Thank you very much for your help! On question 2, I have seen cases where you said state tax would be due. Can you tell me why the state tax is not due in this case please?

    Thanks!
    Tom
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