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I withdrew from my 401k and I didn't work the whole year therefore I don't have w2's to file. Do I need to file taxes?

 
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I withdrew from my 401k and I didn't work the whole year therefore I don't have w2's to file. Do I need to file taxes?

Yes, you have to report the withdrawal from the 401(k) using the Form 1099-R you received.

To enter a form 1099-R -

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Wages and Income (Personal Income using Home and Business)
  • Click on I'll choose what I work on (if shown)
  • Scroll down to Retirement Plans and Social Security
  • On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button

Or enter 1099-r in the Search box located in the upper right of the program screen.  Click on Jump to 1099-R

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I withdrew from my 401k and I didn't work the whole year therefore I don't have w2's to file. Do I need to file taxes?

Yes, you have to report the withdrawal from the 401(k) using the Form 1099-R you received.

To enter a form 1099-R -

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Wages and Income (Personal Income using Home and Business)
  • Click on I'll choose what I work on (if shown)
  • Scroll down to Retirement Plans and Social Security
  • On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button

Or enter 1099-r in the Search box located in the upper right of the program screen.  Click on Jump to 1099-R

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