MarilynG1
Expert Alumni

Retirement tax questions

If you received a 1099-R reporting a distribution from a 401K, this is normally taxable income, as you received a tax break for your contributions.  

 

Be sure to enter your form exactly as issued.  If this applies, you don't need Form 8960 in your return, unless you have other investment income.  If not, you can delete this form from your return. 

 

Be sure to clear your Cache and Cookies first if you're using TurboTax Online. 

 

Here's more info on 401K Plans.

 

@jsim1 

 

 

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