topic Hello. I chose that a withdrawal was made from my retirement plan and now I can't delete it. What can I do? Thanks in Get your taxes done using TurboTax

Hello. I chose that a withdrawal was made from my retirement plan and now I can't delete it. What can I do? Thanks

Lennimarie — Mon, 06 Jan 2025 19:16:10 GMT

Re: Hello. I chose that a withdrawal was made from my retirement plan and now I can't delete it. ...

BillM223 — Mon, 13 Jan 2025 21:44:07 GMT

OK, I assume that you received a 1099-R for the withdrawal, that you entered it, and now you want to delete it, right?

Go to Wages & Income->Retirement Plans and Social Security->IRA, 401(k), Pension Plan Withdrawals and click Update (or whatever the button to the right says).

The next screen should show you a list of previous entries that you had made. On the right you should be able to click on Delete or something similar to remove that 1099-R entry.

Note that these instructions are from the desktop version of the product; the online version might differ. Come back if you can't make this happen.

Re: Hello. I chose that a withdrawal was made from my retirement plan and now I can't delete it. ...

Lennimarie — Mon, 13 Jan 2025 22:20:49 GMT

I'm sorry. I didn't ask the right question. It was not a withdrawal it was a loan and I chose that I did a withdrawal by mistake.

Re: Hello. I chose that a withdrawal was made from my retirement plan and now I can't delete it. ...

MarilynG1 — Wed, 15 Jan 2025 17:19:52 GMT

You don't need to add a loan from your Retirement Plan to your tax return, unless you stop making payments, and receive a 1099-R. If that applies, you would add the 1099-R to the Retirement Income section as income.

If you didn't receive a 1099-R, you can delete the loan if you entered it in the Retirement Income section as @BillM223 instructed.

@Lennimarie