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New Member
posted Jun 3, 2019 11:07:02 AM

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

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1 Best answer
New Member
Jun 3, 2019 11:07:03 AM

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.

1 Replies
New Member
Jun 3, 2019 11:07:03 AM

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.