topic 401 withdrawal in Retirement tax questions

401 withdrawal

Dkelahie — Mon, 15 Feb 2021 01:02:32 GMT

How do I report 401k withdrawal over 3 years. My 1099-r, showing the full distribution amount, can I just divide it over 3 years?

Re: 401 withdrawal

SteamTrain — Mon, 15 Feb 2021 01:10:57 GMT

No.....you must wait for the special tax form to be finalized, Report the full amount but use that form to divide it up.....I think it was expected by 25 Feb.. Form 8915-E

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Re: 401 withdrawal

fanfare — Mon, 15 Feb 2021 04:42:53 GMT

turbotax is not ready for your situations yet.

try again in a couple of weeks.