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| Tax Issues Personal and business taxes. Federal, state and local income taxes, sales taxes, etc. |
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Mar 2nd, 2008, 10:28 AM
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#1 |
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1099-r
If the only income I received was from the payout of a 401k, do I still fill out the 1040 including my deductions and everything. I know I have to pay a 10% penalty, but do I still go through the earned income credit and child tax credit and all that stuff? It doesn't seem that I should get a refund, because I didn't work at all, just got the 401k payout. Or is this just considered income, and the same rules apply?
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Mar 6th, 2008, 02:30 PM
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#2 |
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Top Level Member
Last Online:
Nov 30th, 2008 01:12 PM Join Date: May 2007
Posts: 693
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Re: 1099-r
Hi--we normally do not give tax advice on this site; you may check with the IRS directly; or your accountant; or the H & R Block web site for 20 dollars: HR Block Tax Advisor link --
H&R Block Ask a Tax Advisor | Do your Income Taxes with Help from an H&R Block Tax Professional |
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