Welcome! | Ask A Question
Asked 2/8/2010
|
Just received money from my 401k from walmart. I have already done my 2009 taxes, do I report it this year,or next year? Just received money from my 401k from walmart. I have already done my 2009 taxes, do I report it this year for 2009's taxes or next tax year for taxes in 2010? the check is dated february...2010 |
Answer 1/1 - Submitted 2/8/2010
The taxes and (possibly) penalty will not be due until you file your taxes for 2010 due in April, 2011 since you received the distribution in February, 2010.. Be careful of the 401(k) distribution...did you take a lump sum distribution or are you receiving payments from the plan? As well, how old are you? Finally, did they withhold the 20% for a lump-sum distribution?
InsTeacher
Type your Answer in the box below and post your answer.
Related Questions (Ask a New Question)
And by "best" i mean, which plan will offer me the best tax break now? the web sites are confusing, can i deduct 100% of my contributions to a self employed 401k?
I have let my 401k at my old company for the last 2 years. i think it's time to put it somewhere, but i have no idea where to invest it. or how to start. thanks for the help.
I am a self employee for my s corp.was looking into 401k plans for saving some $ please advice tia
|
What is the best retirement plan for a self employed (not incorporated) person with no employees? And by "best" i mean, which plan will offer me the best tax break now? the web sites... |
|
What are the steps to rollover a 401k, will be self employed.? I have let my 401k at my old company for the last 2 years. i think it's time to put it... |
|
Does any1 know about 401k plans for the self-employed? I am a self employee for my s corp.was looking into 401k plans for saving some $ please advice tia |
|
If i become self employed can i still contribute to my currrent employers 401k plan? I have a 401k with my current employer and i'm thinking of retiring and become self employed |
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 2010. All rights reserved.
Powered by Yahoo! Answers