On my 1099-R form says I received 34,483.02 as my Gross Distribution but I only received 23,000 from my 401k what do I do in this situation for filling my taxes?
02334
2 Replies
VolvoGirl
Level 15
Apr 14, 2025 4:57:00 PM
What happened to the rest of it? Did you roll it over to another account? There was probably some withholding in box 4 and 17? If you don’t know you will have to ask the plan. Was there a loan you had to pay back? Oh, what code is in box 7?
SabrinaD2
Expert Alumni
Apr 14, 2025 4:58:30 PM
If your 1099-R form shows a gross distribution amount that is incorrect, you should take the following steps to address the discrepancy:
Steps to Correct the 1099-R Form in TurboTax
Double-check the entries on your 1099-R form to ensure there are no mistakes. Sometimes, the discrepancy might be due to withholding taxes or other adjustments
Reach out to the financial institution that issued the 1099-R to request a corrected form. Explain the discrepancy and provide any supporting documentation