DanaB27
Expert Alumni

Retirement tax questions

Yes, the distribution for box 1 will be the amount that you received. Since you didn't have any earnings a few cents off (rounded up or down) won't make a difference.

 

Maybe these instructions will be more helpful since the search and jump function didn't work well:

 

  1. Click "Federal Taxes" on the top and select "Wages & Income"
  2. Click "I'll choose what to work on"
  3. Scroll down and click "Start" next to "IRA, 401(k), Pension Plan (1099-R)
  4. Answer "Yes" to the question "Did You Have Any of These Types of Income?"
  5. Click "I'll Type it Myself"
  6. Choose "Form 1099-R, Withdrawal of Money from 401(k) Retirement Plans, Pensions, IRAs, etc."
  7. Box 1 enter total distribution (contribution minus loss)
  8. Box 2a enter $0
  9. Box 7 enter J and P
  10. Click "Continue"
  11. On the "Which year on Form 1099-R" screen say that this is a 2023 Form 1099-R.
  12. Click "Continue" after all 1099-R are entered and answer all the questions.
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