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    S.Mahoney30's Avatar
    S.Mahoney30 Posts: 1, Reputation: 1
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    #1

    Jan 31, 2011, 11:18 AM
    401 k, what form do you need for emergency medical withdrawl?
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Jan 31, 2011, 11:24 AM

    Since you asked this in the Taxes forum I assume you're asking a about what tax form you should file with your income tax return to avoid the 10% early withdrawal penalty. You use form 5329 to document that the withdrawal was due to unreimbursed medical costs. This allows you to avoid the 10% early withdrawal penalty, but only to the extent that your medical expenses exceed 7.5% of your adjusted gross income. Of course you still pay ordinary income tax on the withdrawal (federal plus state/local as appropriate).
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