If you have already filed your return, you will need to wait until the IRS has either accepted or rejected it before you can add the 1099-R.
If you have not filed your return yet and this was a 401(k) hardship withdrawal reported on a 1099-R, please use the steps here below to help you add that.
- Log into account and click Take me to my return
- Go to Search in top right corner and click there
- Type in 1099-r and hit enter
- Click on jump to 1099-r from results list
- This takes you to the Your 1099-R screen and you’ll answer Yes there
- Continue through and enter your 1099-R information there
Another way to get to this section:
- Log into account and click Take me to my return
- Click Federal to the left and make sure you are under Wages & Income section
- Scroll down to Retirement Plans and Social Security section
- Click Start or Revisit next to IRA, 401(k), Pension Plan Withdrawals (1099-R)
NOTE: Unlike a loan against your 401(k), a hardship withdrawal can’t be repaid.
It will be treated as a taxable distribution and reported on a 1099-R. Also, if you’re under age 59 1/2, you may have to pay a 10% early distribution penalty if you don’t
qualify for an exception. In most cases, you can’t make contributions to the plan again for at least 6 months following your withdrawal.
Other Helpful Information:
