1099-R Question

7085330665 · ‎February 01, 2026

My wife passed away last year and I received her 401K money. I got a 1099R in the mail and I'm not sure how to enter it in my taxes. How should i enter it to save the most on taxes? It was not rolled over into any other retirement plan. Thanks

dmertz

Simply enter the Form 1099-R and indicate that you cashed it out. The amount shown in box 2a of this Form 1099-R will be included in your AGI. Because you did not roll the distribution over, there is nothing that changes the taxable amount. The code 4 in box 7 of this Form 1099-R indicates that there is no early-distribution penalty.

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dmertz

Simply enter the Form 1099-R and indicate that you cashed it out. The amount shown in box 2a of this Form 1099-R will be included in your AGI. Because you did not roll the distribution over, there is nothing that changes the taxable amount. The code 4 in box 7 of this Form 1099-R indicates that there is no early-distribution penalty.