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Is 401k a retirement income ?

 
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Is 401k a retirement income ?

Yes.  Did you take a distribution?   You should get a 1099R for it.  Do you need to know how to enter it?

 

The easiest way to get to the 1099-R entry screen is to simply search for 1099-R (upper- or lower-case, with or without the dash) in your TurboTax program and then click the "Jump to" link in the search results.

 

Enter a 1099R under

Federal Taxes on the left side

Wages & Income at the top

 

Then scroll way down to Retirement Plans and Social Security,

Then IRA, 401(k), Pension Plans (1099R) - click Start or Revisit

 

If you are filing a Joint return be sure to pick which person it is for.

 

Is 401k a retirement income ?

Yes it is.  Why are you asking?  Did you take money out of a 401k account?  Or put money into one?

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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