401k withdrawn, 1099 form help!?

  • Thread starter Thread starter Liquid Cherry Blood
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Liquid Cherry Blood

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Last year I cashed out my 401k. I had around $800 in it. When I received the check, I only about $400. so 50% of it was kept for an early withdrawl I suppose. How will this effect my tax return? Does anyone know specifically how it will effect my tax return since it was a smaller amount I received and a large percent of it was kept?
 
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