You'll need to sign in or create an account to connect with an expert.
You will need to enter a 1099R for the money distributed from the 401k. The tax withheld was an estimate, just like when your employer withholds tax from your paychecks. All of your income and all of the tax withheld has to be entered, and then the software calculates whether you owe more or get a refund.
Check with the custodian of the plan --- you can likely get the 1099R from their website.
To enter your retirement income, Go to Federal> Wages and Income>Retirement Plans and Social Security>IRA 401 k) Pension Plan Withdrawals to enter your 1099R.
You should have received or will receive a Form 1099-R in the mail for the distribution that occurred in 2024
The Form 1099-R is entered on your tax return
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
ryankukulski
New Member
panos_spiros
New Member
Carey50
Level 3
JSB78
New Member
lysandrabell
New Member