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

Forum|Forum|6 years ago
March 4, 2020
1 reply
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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?

TurboTax Deluxe Online

JohnB5677

Level 15

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.

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

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