Jump to content

Tax question


russian rocket

Recommended Posts

who sends you a 1099-r form? previous employeer, irs, or the company that managed my 401k?

 

last year i cashed out my 401k so that i could purchase my house. i know i will get taxed again on it on this years tax return but i havnt received anything in the mail yet and i am not to sure on who to contact about it. i know its still probably a bit early but i am just trying to get everything together and the 1099 and my w2 are the only things i have left

Link to comment
Share on other sites

I went and got mine from the local library.

 

If you're wondering who's going to send you the form with the figures it should be the company that managed the 401k. I'm pretty sure I got my money from my stocks that way.

 

yep, i need the one with the numbers filled in. jp morgan managed my 401k when i worked for coca cola, i take it i should be contacting them on monday?

Link to comment
Share on other sites

I'm not sure if the tax laws changed at all, but back in 2002, you were able to not be penalized for early withdrawl up to $10,000 on retirement money used to purchase a home (may have been first home, I can't recall if that was a stipulation).

 

I believe you have to prove that it was cheaper to use your 401k monies than to have to purchase PMI or a second mortgage now.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...