401k and Line 7 of B22A

[railspike2]

My wife lost her job and took her 401k as a lump. This happened during our six month period for the means test. The result was an amount of about $300.00 per month on Line 7.

Is there a basis for our requesting that this be ignored for purposes of the B22A? It was a one-time distribution.

[anonymuse]

I do not know the answer to that one. Good time to ask a lawyer in a free consult.

Also, remember to find out to account for the tax hit you're going to have for the distribution.

[FoolAndHisMoney]

My wife lost her job and took her 401k as a lump. This happened during our six month period for the means test. The result was an amount of about $300.00 per month on Line 7.

Is there a basis for our requesting that this be ignored for purposes of the B22A? It was a one-time distribution.

Are you filing jointly? If its just your wife filing then she can always hold off to get a lower average. Even if anyone sues they cannot garnish her wages.

[miss puff]

Is there a basis for our requesting that this be ignored for purposes of the B22A? It was a one-time distribution.

I might actually be able to help you on this because we took out a hardship distribution. However I don't know what a B22A is. Actually I wonder if there is a difference betweena liquidation and a distribution. We put our distribution on line 10 of our Statement of Finanical Affairs.