Withdrawal

Forum|Forum|1 year ago
January 27, 2025
3 replies
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If i withdraw 401k from my 2024 retirement but didn’t receive until 2025. Do i file it on 2024 or 2025?

MinhT1

You have to file your 1099-R in the tax year it was issued for.

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Yesa12Author

I had got let go from my job & my 401k was under 1,000 so they gave me options to roll over or withdraw. Only option was withdraw. Which I had done that in January 2025. So I file it in 2025 taxes?

xmasbaby0

Employee

Yes, that will go on your 2025 return when you prepare it next year---in 2026.

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VolvoGirl

Employee

Did you get the 1099R for it yet? If you get a 1099R for 2024 you list it on your 2024 return. You might not get the 1099R until mid to late February.

xmasbaby0

Employee

Go to the plan's web site to see if they show a 1099R for 2024 for the money you took out. If they sent the money in 2024 you will enter it on your 2024 return.

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.