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New Member
posted Feb 7, 2021 9:20:20 AM

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

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2 Replies
Level 15
Feb 7, 2021 9:24:35 AM

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.

Level 15
Feb 7, 2021 9:30:26 AM

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.