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New Member
posted May 31, 2019 9:09:04 PM

What are distributions from a retirement plan?

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Level 7
May 31, 2019 9:09:05 PM

If you are a participant in an employer-sponsored qualified retirement plan, such as a 401(k), or you have a Traditional IRA or a Roth IRA, and you received money from those plans during 2016 (other than borrowing from a 401(k)), the money you received is called a "distribution" and must be reported on your Federal income tax return.  The trustee of the plan should issue you a Form 1099-R with all the information you need to report that distribution.

1 Replies
Level 7
May 31, 2019 9:09:05 PM

If you are a participant in an employer-sponsored qualified retirement plan, such as a 401(k), or you have a Traditional IRA or a Roth IRA, and you received money from those plans during 2016 (other than borrowing from a 401(k)), the money you received is called a "distribution" and must be reported on your Federal income tax return.  The trustee of the plan should issue you a Form 1099-R with all the information you need to report that distribution.