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Level 1
June 1, 2019
Solved

How to file that i took money out of my 401k

  • June 1, 2019
  • 2 replies
  • 31 views
I took money out of my 401k last year and i would like to add that to my tax returns. How would i do so
Best answer by

You should have received a form 1099-R from your 401k administrator by January 31st. Enter it here:

Click Federal Taxes (top menu)

Click Income & Expenses (just below top menu)

Scroll down to Retirement Plans and Social Security and click Show More (if necessary)

Click Start next to IRA, 401(k), Pension Plan Withdrawals (1099-R)

Enter your 1099-R exactly as printed, paying special attention the the distribution code in Box 7 and the "IRA/SEP/SIMPLE" box.

Hope this helps.

2 replies

Answer
June 1, 2019

You should have received a form 1099-R from your 401k administrator by January 31st. Enter it here:

Click Federal Taxes (top menu)

Click Income & Expenses (just below top menu)

Scroll down to Retirement Plans and Social Security and click Show More (if necessary)

Click Start next to IRA, 401(k), Pension Plan Withdrawals (1099-R)

Enter your 1099-R exactly as printed, paying special attention the the distribution code in Box 7 and the "IRA/SEP/SIMPLE" box.

Hope this helps.

Level 15
June 1, 2019

Wait until you get the 1099-R from your financial institution and report it under Income>Retirement