Angelica cashed out her 401(k) in 2021 and the total distribution was $8,000. She used the...
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Angelica cashed out her 401(k) in 2021 and the total distribution was $8,000. She used the money to take a cruise with her Mom and Dad. Angelica had no other income in 2021. Angelica is single, 30 years old, and subject to the Additional Tax of 10% for an early distribution. Does she have to file a Form 1040 for Tax Year 2021? Angelica cashed out her 401(k) in 2021 and the total distribution was $8,000. She used the money to take a cruise with her Mom and Dad. Angelica had no other income in 2021. Angelica is single, 30 years old, and subject to the Additional Tax of 10% for an early distribution. Does she have to file a Form 1040 for Tax Year 2021?
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Yes Angelica would need to file a Form 1040 for Tax Year 2021 Cashing out her 401k qu... View the full answer
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date:
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