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tigernpep
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I have a Walgreen Profit-sharing retirement plan. Is that a 401?

 
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KenH1
New Member

I have a Walgreen Profit-sharing retirement plan. Is that a 401?

Most likely it is, or at least treated the same way.  If you contributed to it, it would appear in box 12 of your W2, with code "D," and your box 1 taxable wages would be reduced, thus getting the deduction.  No additional reporting is needed, unless you withdrew from it, in which base you would receive a 1099-R.

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KenH1
New Member

I have a Walgreen Profit-sharing retirement plan. Is that a 401?

Most likely it is, or at least treated the same way.  If you contributed to it, it would appear in box 12 of your W2, with code "D," and your box 1 taxable wages would be reduced, thus getting the deduction.  No additional reporting is needed, unless you withdrew from it, in which base you would receive a 1099-R.

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