I took out 900$ from my 401k this year, do I have to declare them and if so where? Thank you
Hello,
Yes, you will need to report the 900 dollars on your return. The company that held the 401k will issue you a 1099-R sometime in January or February, and you will enter that into the return by going to Income > Retirement Income (1099-R). The income will be reported on Form 1040, lines 6a and / or 6b if the withdrawal is taxable.
Let us know if you have additional questions
PhillipB Tax Pro Agent, FreeTaxUSA
thank you so much
My pleasure
