My wife’s Co. sold out to another Co. she had to roll over her 401k into an IRA which we have taken early withdrawal, but she also has a 401k with the new Co. how do I file this?

!. You should have received 2 forms 1099-R: one for the rollover of the 401(k) into the IRA and a second one for the early withdrawal. The rollover is not taxable. The early withdrawal (if there is no exception) is subject to income tax and the early withdrawal penalty of 10%.. You must enter these 2 forms 1099-R in TurboTax and carefully follow the interview which follows.

2. There is nothing to report for the 401(k) contributions with the new company. These contributions are reported in box 12 code D of her form W-2. They are also excluded from taxation as they are deducted from taxable wages in box 1 of form W-2.