Yes, since it was a distribution associated with your 401K plan, it does need to be reported as income on your return. Here is how to report.
- Go to federal>income and expenses>all income>>show more
- Less Common Income> Start
- Miscellaneous Income,>start
- Other reportable income>start
- Next screen asks Any Other Taxable Income>yes
- The next screen will allow you to report the income with a brief explanation.
- In the explanation, write restoration plan payment from 401K account and then record the $79.97 payment.
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