Distributions from a 401k that are reported on a Form 1099-R
are reported on Lines 16a and 16b of
Form 1040.
Line 16a reports the total
distribution amount and line 16b reports the taxable amount.
When you enter the Form 1099-R into TurboTax, the check box
in Box 7 indicating that the distribution is from IRA/SEP/SIMPLE, along with
the distribution code, is used to determine whether the distribution is
reported on line 15 or line 16.
Also, amounts shown on the Form 1099-R for Federal tax
withholdings is included on Line 64.
To go to the section of TurboTax to enter information from
your Forms 1099-R, use these steps:
On the top row of the
TurboTax online screen, click on Search (or for CD/downloaded TurboTax
locate the search box in the upper right corner)
This opens a box where you
can type in “1099-R” (be sure to enter exactly as shown here) and click
the magnifying glass (or for CD/downloaded TurboTax, click Find)
The search results will
give you an option to “Jump to 1099-R”
Click on the blue “Jump
to 1099-R” link
