Do I report my 401k interest income on my tax return?
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?
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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?
April 18th, 2009 at 7:58 pm
No there is nothing to report. No tax until withdrawal.
April 22nd, 2009 at 2:47 am
no. unless your using the money from your 401k, you don’t need to report anything
April 24th, 2009 at 11:10 am
Nope. That’s the biggest advantage of a 401k…that’s also why they penalize you when you withdraw early.
April 25th, 2009 at 5:50 am
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 You’ll get a form 1099-R for the amount withdrawn.