topic I need to file tax on a 401 k that was my deceased husband's who passed in 2015. how & where? in Retirement tax questions

I need to file tax on a 401 k that was my deceased husband's who passed in 2015. how & where?

boozeekat1-gmail — Wed, 15 Jul 2020 19:35:49 GMT

Re: I need to file tax on a 401 k that was my deceased husband's who passed in 2015. how & where?

DoninGA — Wed, 15 Jul 2020 19:39:09 GMT

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

Or enter 1099-r in the Search box located in the upper right of the program screen. Click on Jump to 1099-R

Re: I need to file tax on a 401 k that was my deceased husband's who passed in 2015. how & where?

Opus 17 — Wed, 15 Jul 2020 20:16:11 GMT

If the account is still in your spouse's name, then you probably need to file an estate tax return, which requires a completely different version of Turbotax and can't be done online. You may want to see an accountant.

With a spouse's 401(k), you have the option of doing a rollover or transfer into an IRA in your name, then the money is yours. Contact the plan administrator. If the account has more than one beneficiary, then you are required to distribute the money to them as well. (You may be the only beneficiary, the laws requires you can't be less than a 50% beneficiary unless you agree in writing.)

If you already did a transfer into a beneficiary IRA in your name or your own IRA, just enter the 1099-R in the usual way.