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Form needed regarding 401(k) distribution?


We're in Wisconsin if it matters.

We took a full distribution from a 401(k) fund and had the check made payable to us. The fund withheld a portion for federal taxes. We rolled the check over into a new 457 fund, and also used personal funds to make up the amount that was withheld. So the full amount was ultimately rolled over.

The form sent to us by the 401(k) fund shows the full amount as income. But because it was rolled over it isn't.

So is there a particular form we need to fill out to show this? And where would we get that form?

The 457 statements show the amount that was deposited but I'm not sure if we need something more official, perhaps signed in blood or something.

If you are filing your taxes online through a program like TaxAct or H & R Block, they will walk you through that process and it is pretty easy. We also had a 401K distribution that we rolled over into an IRA which was not suppose to be taxable.....there is a box that you can check that shows that you did rollover your distribution and also how much federal tax was withheld. Not sure of the form numbers because we had several 1099's and had to pay tax on part of ours because of an early distribution from one of our accounts.

But, if you walk through it online you will see how easy it is and they basically figure it all out for you as you input your info. They will not include it as part of your taxable income if it was rolled over and will show it on your 1040 as a rolled over distribution when it prints out.

maybe just send in copies of statement from new acct showing the deposits made within the first 60 days equal the gross withdrawal before taxes from the 401k plan

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