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gwh6552
New Member

Does "enter distributions you received from retirement plans" mean distributions received this tax year? Or does it include distributions received in 2014 and/or 2015?

I'm referring to the "Credit for Retirement Savings Contributions" section.  I received a 401K distribution in 2015 and reported it as income for that year.  Do I have to report it again?


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MichaelL1
Level 15

Does "enter distributions you received from retirement plans" mean distributions received this tax year? Or does it include distributions received in 2014 and/or 2015?

You have to list distributions from 2014 and 2015 here.  You are not reporting them as income, you are reporting them here in TurboTax to see if you qualify for the Retirement Saver's Credit.

See this guide at the IRS web page for more details:

https://www.irs.gov/uac/do-i-qualify-for-the-retirement-savings-contributions-credit

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1 Reply
MichaelL1
Level 15

Does "enter distributions you received from retirement plans" mean distributions received this tax year? Or does it include distributions received in 2014 and/or 2015?

You have to list distributions from 2014 and 2015 here.  You are not reporting them as income, you are reporting them here in TurboTax to see if you qualify for the Retirement Saver's Credit.

See this guide at the IRS web page for more details:

https://www.irs.gov/uac/do-i-qualify-for-the-retirement-savings-contributions-credit

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