- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I received fa 1099-R but did not withdraw anything at all from my 401K. Why did I receive a 1099-R and do i have to put it into my tax return?
Topics:
June 4, 2019
12:42 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
Yes, you do have to report the 1099-R in your tax return. The IRS has a copy of it. You may have received it if you rolled over funds into another retirement account, in which case it isn't taxable. Or if you took out a loan on your 401k and stopped making payments on it, the loan balance would be considered a distribution.
The Code in Box 7 shows what type of distribution it was.
Here's info on how to enter it in TurboTax:
https://ttlc.intuit.com/replies/4194737
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
June 4, 2019
12:42 PM