How do I enter a distribution amount from a Profit Sharing Plan when I have no 1099-R?
The Profit Sharing Plan was terminated and a statement w/final check (under $100)was received with no accompanying 1099-r. The company has gone out of business. How and where do I enter this information?
How do I enter a distribution amount from a Profit Sharing Plan when I have no 1099-R?
You can prepare Substitute Form 1099-R reporting your distribution:
Click on Federal Taxes
Select Wages and Income
Scroll down to Retirement Plans and Social Security
Select IRA, 401(k), Pension Plans (1099-R)
On the screen Tell Us Which 1099-R you have, select I need to prepare a substitute 1099-R and continue. Many questions will be confusing but you must answer them to the best of your knowledge...
How do I enter a distribution amount from a Profit Sharing Plan when I have no 1099-R?
You can prepare Substitute Form 1099-R reporting your distribution:
Click on Federal Taxes
Select Wages and Income
Scroll down to Retirement Plans and Social Security
Select IRA, 401(k), Pension Plans (1099-R)
On the screen Tell Us Which 1099-R you have, select I need to prepare a substitute 1099-R and continue. Many questions will be confusing but you must answer them to the best of your knowledge...
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