Do I report my 401k interest income on my tax return?
Friday, March 5th, 2010 at
9:47 am
kiki asked:
I didn’t get anything from my 401k provider, at least not that I know of. Was I supposed to get a 1099 or something?
I didn’t get anything from my 401k provider, at least not that I know of. Was I supposed to get a 1099 or something?
Tagged with: 401k • Income Tax • Tax Return
Filed under: Retirement
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No there is nothing to report. No tax until withdrawal.
no. unless your using the money from your 401k, you don’t need to report anything
Nope. That’s the biggest advantage of a 401k…that’s also why they penalize you when you withdraw early.
No, appreciation in a 401K isn’t reported. You’ll report the money as income when you withdraw it. You’ll get a form 1099-R for the amount withdrawn.