You'll need to sign in or create an account to connect with an expert.
Yes, you do have to report the 1099-R in your tax return. The IRS has a copy of it. You may have received it if you rolled over funds into another retirement account, in which case it isn't taxable. Or if you took out a loan on your 401k and stopped making payments on it, the loan balance would be considered a distribution.
The Code in Box 7 shows what type of distribution it was.
Here's info on how to enter it in TurboTax:
https://ttlc.intuit.com/replies/4194737
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
43584130718d
New Member
jcastaneda3108
New Member
maccsz
New Member
CarlitosWay
New Member
lesar_g2408
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.