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Level 2
June 1, 2019
Solved

If I participate in a 401K with my employment but I personally do not contribute anything to it, my employer does only, do I need to claim it?

  • June 1, 2019
  • 2 replies
  • 48 views
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Best answer by bwa
do I need to claim it?

If handled properly your employer should already have excluded their contribution from Box 1 (Wages, tips and other compensation) on your W-2.  If they have, entering the W-2 as provided to you should be the only action required.

2 replies

bwaAlumni - ChampAnswer
Alumni - Champ
June 1, 2019
do I need to claim it?

If handled properly your employer should already have excluded their contribution from Box 1 (Wages, tips and other compensation) on your W-2.  If they have, entering the W-2 as provided to you should be the only action required.
June 1, 2019

No, not until you receive a distribution (withdraw funds from your 401-K).