How do I enter a 401(k) distribution that I already paid 30% toward taxes to the investment group? I am older than 59 1/2 years and I did not receive a form 1099-R.

[luxamor]

I received $16,000 of a $20,000 401(k) partial distribution. I was 61-years-old at the time of the 2017 distribution. Is it necessary to file this information if funds were already withheld toward tax liability?

[SweetieJean · Accepted solution]

Yes, it must be reported.  Wait for the 1099-R. You should receive it soon.

TT calculates the taxes due, and then gives you credit for the withholdings (just like for a W-2).

[luxamor]

Thank you for the quick reply. I suppose I'll just have to be patient. 🙂