@Wgmcdonald wrote:
I just bought a Turbo Tax deluxe and it looks like it does not support my 401k withdrawals. Is this true or should I return it and get the upgrade?.
The TurboTax Deluxe edition most certainly does support entry of a Form 1099-R for a withdrawal from a 401(k).
To enter, edit or delete a form 1099-R -
- Click on Federal Taxes (Personal using Home and Business)
- Click on Wages and Income (Personal Income using Home and Business)
- Click on I'll choose what I work on (if shown)
- Scroll down to Retirement Plans and Social Security
- On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button
Or enter 1099-r in the Search box located in the upper right of the program screen. Click on Jump to 1099-R
