When you take money from your 401(k) through a withdrawal, rollover or loan default, the IRS requires specific reporting on your tax return. The forms you receive, what each figure represents and how ...

A married couple, ages 64 and 65, retired last year with $2.4 million spread across a traditional 401(k), a Roth IRA, and a taxable brokerage account. They spend $145,000 a year. Their federal income ...