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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1 Best answer

Level 15

Jun 4, 2019 3:04:04 PM

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

Level 15

Jun 4, 2019 3:04:04 PM

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