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If all I have is a 401k contribution, can I use free turbo tax

 
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2 Replies

If all I have is a 401k contribution, can I use free turbo tax

A 40(k) contribution to an employer's plan would have been entered on the W-2 in box 12 with a code of D.  The contribution is not entered anywhere else on the tax return.

 

A withdrawal from a 401(k) is reported on a Form 1099-R which would have sent by the plan administrator in January.

 

The Free edition supports entry of a 401(k) withdrawal on a Form 1099-R if there are no penalties associated with the withdrawal.

If all I have is a 401k contribution, can I use free turbo tax

With an exception.   If your income and contribution  qualifies you for the Savers Credit (form 8880 and Schedule 1) then the Free Editions does not support any additional schedules.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
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