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design661
New Member

I withdrew from my 401k After taxes option. They sent me a statement of the taxable amount and the taxes withheld. Where do I enter that on TurboTax?

 
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Accepted Solutions
VolvoGirl
Level 15

I withdrew from my 401k After taxes option. They sent me a statement of the taxable amount and the taxes withheld. Where do I enter that on TurboTax?

They should have sent you a 1099R

The easiest way to get to the 1099-R entry screen is to simply search for 1099-R (upper- or lower-case, with or without the dash) in your TurboTax program and then click the "Jump to" link in the search results.

Enter a 1099R under
Federal Taxes on the left side
Wages & Income at the top

Then scroll way down to Retirement Plans and Social Security,
Then IRA, 401(k), Pension Plans (1099R) - click Start or Revisit

If you are filing a Joint return be sure to pick which person it is for.

If box 2a is zero or says unknown then leave it BLANK

After you enter the 1099R be sure to answer all the follow up questions on the next screens to determine how much is taxable or not. Go all the way to the end of the section. You have to enter it from the 1099R because there are codes on it you need to enter properly.

View solution in original post

4 Replies
VolvoGirl
Level 15

I withdrew from my 401k After taxes option. They sent me a statement of the taxable amount and the taxes withheld. Where do I enter that on TurboTax?

They should have sent you a 1099R

The easiest way to get to the 1099-R entry screen is to simply search for 1099-R (upper- or lower-case, with or without the dash) in your TurboTax program and then click the "Jump to" link in the search results.

Enter a 1099R under
Federal Taxes on the left side
Wages & Income at the top

Then scroll way down to Retirement Plans and Social Security,
Then IRA, 401(k), Pension Plans (1099R) - click Start or Revisit

If you are filing a Joint return be sure to pick which person it is for.

If box 2a is zero or says unknown then leave it BLANK

After you enter the 1099R be sure to answer all the follow up questions on the next screens to determine how much is taxable or not. Go all the way to the end of the section. You have to enter it from the 1099R because there are codes on it you need to enter properly.

View solution in original post

design661
New Member

I withdrew from my 401k After taxes option. They sent me a statement of the taxable amount and the taxes withheld. Where do I enter that on TurboTax?

Volvogirl thank you, I was able to go online and retrieve the 1099R form, from my retirement fund.
VolvoGirl
Level 15

I withdrew from my 401k After taxes option. They sent me a statement of the taxable amount and the taxes withheld. Where do I enter that on TurboTax?

Thanks for reporting back.
design661
New Member

I withdrew from my 401k After taxes option. They sent me a statement of the taxable amount and the taxes withheld. Where do I enter that on TurboTax?

Had to, it was great advice! Thanks again!
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