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June 1, 2019
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Is a 401k the same as a retirement plan? Would I or do i file this for taxes?

  • June 1, 2019
  • 1 reply
  • 15 views
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Best answer by PaulaM

A 401k is a retirement plan that you contribute through your employer via payroll deductions. These contributions are listed on your W-2 form in box 12, code D. Entry of your W-2 form is all you need to enter for your 401k contributions.

If you took distributions from your 401k, then that would be reported on a 1099-R form. This form is entered with its Box 7 code.

https://ttlc.intuit.com/questions/1899457-what-do-the-letter-codes-in-box-12-of-my-w-2-mean

https://ttlc.intuit.com/questions/2562809-what-do-all-the-codes-in-box-7-of-the-1099-r-mean

1 reply

PaulaMAlumni - ExpertAnswer
Alumni - Expert
June 1, 2019

A 401k is a retirement plan that you contribute through your employer via payroll deductions. These contributions are listed on your W-2 form in box 12, code D. Entry of your W-2 form is all you need to enter for your 401k contributions.

If you took distributions from your 401k, then that would be reported on a 1099-R form. This form is entered with its Box 7 code.

https://ttlc.intuit.com/questions/1899457-what-do-the-letter-codes-in-box-12-of-my-w-2-mean

https://ttlc.intuit.com/questions/2562809-what-do-all-the-codes-in-box-7-of-the-1099-r-mean

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