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Level 1
February 15, 2021
Question

401 withdrawal

  • February 15, 2021
  • 1 reply
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How do I report 401k withdrawal over 3 years. My 1099-r, showing the full distribution amount, can I just divide it over 3 years?

    1 reply

    SteamTrain
    Level 15
    February 15, 2021

    No.....you must wait for the special tax form to be finalized, Report the full amount but use  that form  to divide it up.....I think it was expected by 25 Feb..  Form 8915-E

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    ____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
    fanfare
    Level 15
    February 15, 2021

    turbotax is not ready for your situations yet.

    try again in a couple of weeks.