It is just under $1000 (I want to say they somehow took $400 from my 401k on purpose just to kick me out since there was nothing going into it, but I know better..)
I was going to reinvest it into my current 401k but after being confronted with an expense that I cannot currently pay (no, I cannot take a loan out for it and I also don't have enough in savings for it) I am thinking about cashing this check and taking a hit on my taxes.
My question is... if I cash this check, what do I need to prepare for when tax return season comes?
I know cashing 401 is a horrible idea, I appreciate your opinion but I am not looking for feedback on my decision making. Just curious about the tax part of it.
Thank you
Submitted October 22, 2017 at 10:29AM by UnidentifiedAsshole http://ift.tt/2hXZeTp
