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emc011075, Tax adviser
Category: Tax
Satisfied Customers: 3169
Experience:  IRS licensed Enrolled Agent and tax instructor
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My company does not require proof of a 401k hardship withdrawl,

Customer Question

My company does not require proof of a 401k hardship withdrawl, will I need to prove it to the IRS at the end of the year?
Submitted: 2 years ago.
Category: Tax
Expert:  emc011075 replied 2 years ago.

Hi. My name is ***** ***** I will be happy to help you.

No, you will not need any proof because hardship withdrawal or distribution doesn't qualify for any SPECIAL tax treatment. The distribution will be treated as regular distribution subject to income tax and when you are not 59 1/2 or older, the distribution will also be subject to 10% early distribution penalty, unless you qualify for a different penalty exception.

Here are IRS rules and tax treatment of a hardship distribution:,-Employee/Retirement-Topics-Hardship-Distributions

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