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? O Yes O No
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? O Yes O No
Chapter5: Deductions For And From Agi
Section: Chapter Questions
Problem 3P: Karen, 28 years old and a single taxpayer, has a salary of $33,000 and rental income of $33,000 for...
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