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Retirement tax questions
Hello I have the same as you that is normal when you taken a hardship withdrawl from 401k. When 1099-r box 7 says 1 it gives us the few reason listed for why we took it but never the one we need when its hardship for eviction etc. So you will be fine last year my taxes was just that and everything was smooth. I got two 1099-r this year one for the hardship which gave that code 1 in box 7 and the second 1099-r box 7 is code 2 which is for the pandemic relief withdrawl. So im sitting on idle till I can get a 8915-E form to finish mine.
‎February 8, 2021
2:27 PM