Forfeited 401k matching funds deductible? I switched jobs in the middle of 2013. When I left the old job, I (knowingly) forfeited a couple of thousand bucks in employer matching funds in that old job's 401k because those funds weren't vested when I resigned. After the new year started, the Plan managers sent me a detailed report identifying to the penny how much I forfeited. The old employer had contributed that money to the Plan, for my benefit, but because I wasn't vested when I left, it got forfeited to the Plan after 31 Dec of that year.
It seems like I should be able to claim this amount as a loss somewhere on my personal tax return for that year. If so, how/where? I suppose the natural follow-on question is that to be able to deduct that 2K as a loss I would also have to claim it as income (or equivalent) in the same return. True? How/where?
Seems like this affects millions of people every year but I'm not seeing it well-addressed when I google it...
Thanks. |