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New Member
posted Jan 30, 2024 3:17:23 PM

Where do I input my forms for my 401k?

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2 Replies
Level 15
Jan 30, 2024 3:19:55 PM

If you are referring to a withdrawal from a 401(k) -

 

To enter, edit or delete a form 1099-R -

Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Scroll down to Retirement Plans and Social Security
On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button

 

On the screen Did you get a 1099-R in 2023? Click on Yes

On the next screen click on Continue

On the screen Let's import your tax info Click on Change how I enter my form

On the screen How do you want to add your 1099‑R? Click on Type it in myself

On the screen Who gave you a 1099-R? select the type of 1099-R you received and Continue

Expert Alumni
Jan 30, 2024 3:22:19 PM

Contributions:

In TurboTax, you don't need to enter contributions you made to your 401(k) plan at work.

 

These contributions are already reported on your form W-2 in box 12 with code D and have already been excluded from taxation in the amount reported in Box 1 of your W-2.

 

Please check that your W-2 has the amount of your 401(k) contributions in box 12 code D and enter your W-2 in TurboTax as received.

 

Withdrawals:

If you made a withdrawal from your 401(k), you'll receive a form 1099-R.

 

You can enter your form 1099-R by following these steps:

 

  1. In TurboTax, open your tax return
  2. Click on the down arrow next to Federal in the left-hand column then on Wages & Income
  3. Locate the section Retirement Plans and Social Security and click on the down arrow on the right
  4. Click Start next to IRA, 401(k), Pension Plan Withdrawals (1099-R).