401K withdrawal filing

Forum|Forum|1 year ago
January 27, 2025
2 replies
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I fully withdrew my 401K in 2024. For my filing this year I received a W-2 and a 1099-MISC. Would it show the amount I withdrew from my 401K on my 1099-MISC? or do I need to request a separate form which would have that information? I'm currently residing in Japan until this late-Spring at the very least so it's been complicated trying to find answers to my questions.

xmasbaby0

Employee

You will get a 1099R for the money taken from the 401k. Wait for it. You will need to enter it on your tax return.

You might be able to get the 1099R from the retirement plan's website.

To enter your retirement income, Go to Federal> Wages and Income>Retirement Plans and Social Security>IRA 401 k) Pension Plan Withdrawals to enter your 1099R.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

AP242Author

Hey thanks for the reply! So I can likely expect that the 1099-R will be mailed to my house in the U.S then? I have trusted family members there so that would be pretty ideal if so. I've received W-2 and 1099-MISC already so maybe there's a delay in terms of the 1099-R arrival.

BrittanyS

The withdrawal should not be listed on the 1099-Misc form. You will receive a 1099-R for the 401k withdrawal. The company has until January 31, 2025 to mail out tax forms. If you have an online account with the company you took the withdraw from, you may be able to access your 1099-R there. For more information on understand 401k withdrawals, see the link below:

Understanding 401k withdrawals

@AP242

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AP242Author

Thanks for the help! In that case I suppose I'll work in regaining access to my online account and then hope it's there. Not having the paperwork has really held me up in terms of filing for this year.

BrittanyS

The 1099-R would be mailed to the address listed on file with the company you took the withdrawal from. If they had your US address listed as your mailing address it would be sent there.

@AP242

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