Welcome! | Ask A Question
Asked 1/1/2008
|
401k How many years do I have to report 401k withdaw |
Answer 1/1 - Submitted 1/2/2008
If you had 401k funds transferred to another 401k plan or IRA, these funds are not taxable at this time. If you actually receieved those funds for personal use, they are taxable for the year they were receieved. Most 401k programs have significant penelties for early withdraw and all are required to withhold taxes before you get what is remaining. It would be beneficial to include your withdraw with your next filing.
Type your Answer in the box below and post your answer.
Related Questions (Ask a New Question)
The company i work for is looking into firing the company that handles our 401k and instead having everyone roll their 401k money into self-managed stocks. however, i have an outstanding 401k loan that i'm only 12 months into paying. how is the company's decision going to affect me? currently...
My husband changed jobs a year ago and has funds in the old employer's 401k plan. his new employer doen't have a 401k. we make too much to do an ira.we would like to consolodate his 4oik with my current 401k. is this possible to roll over his funds into the 401k with my employer?
I am currently 19 years old and have extra money that i want to start investing with. i am looking into a 401k and would like to know more information about these retirement plans. what is a typical interest rate for a 401k? at what age can you take money out of a 401k without a penalty? how can i...
|
Company stopping 401k program, but i have a 401k loan The company i work for is looking into firing the company that handles our 401k and instead... |
|
My husband changed jobs a year ago and has funds in the old employer's 401k plan. his... |
|
I am currently 19 years old and have extra money that i want to start investing with. i am... |
|
I've changed jobs and want to roll over my 401k from my old job to the 401k at my new... |
|
All i received was a w-2 from my employer. i have a 401k plan and need to also report that... |
|
My position was abolished. i have a loan balance of approx $10,000.00. i wanted to rollover... |
Ask A Question
Ask a new question about
401k:
About
| Contact Us
| Membership Agreement
| Privacy Policy
| Site Map
| Advertise on this Site
Copyright © 401kQuestions.net 2012. All rights reserved.