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Mohamedhany2
New Member

How to report 401k cares act withdrawal

Hi, 

 

 I have withdrawal all my contribution in my 401K last year, and now I have half of the contribution was tax paid and the other is not, I am trying to pay the taxes on 3 years, however I received two 1099-R, do I just sum them up and report one third of it this year or how should I proceed ?

Appreciate the help in advance!

1 Reply
Critter-3
Level 15

How to report 401k cares act withdrawal

After you enter both 1099-R forms in that section keep going thru all the following screens in that section for the option to spread the taxes over 3 tax years. 

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