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jcoadytax
New Member

Do I put previous year's 1099 forms on "distributions from retirement plans"? If so which forms, and what part?

I'm just confused what counts as a distribution. I had to cash my 2017 401k out and I received a 1099-DIV and1099-B. Are these distributions, and if so what part/amount do I put?
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1 Reply
JohnB5677
Expert Alumni

Do I put previous year's 1099 forms on "distributions from retirement plans"? If so which forms, and what part?

The 1099-DIV is for dividends you received, and the 1099-B is for stocks or mutual funds that you sold.  Were there other investment activities other than the 401-K? You would normally get a 1099-R for closing out a 401-K.

 

A distribution is any kind of payout that comes from a annuity, pension or retirement plan.  They are all documented on 1099-Rs, and they all get posted in the same place.

  1. In the INCOME section
  2. Scroll down to Retirement Plans and Social Security
  3. Select IRA,401-K, Pension Plans
  4. Each 1099-R will be entered separately
  5. Select the correct form
  6. Enter who sent you the money, your address and finally all the information on the form.
  7. Continue through the questions

 

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