turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Xariahlm
New Member

Can anyone explain to me how I would add my early withdraw of my 401k and if I put the number I received or the number that was withdrawn.

The market value changed on my 401k causing funds to be taken out of my withdraw total
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

Can anyone explain to me how I would add my early withdraw of my 401k and if I put the number I received or the number that was withdrawn.

You will receive a 1099R for the money you took from the 401k.   When you have that document, you enter it exactly as it appears.

 

To enter your retirement income, Go to  Federal> Wages and Income>Retirement Plans and Social Security>IRA  401 k) Pension Plan Withdrawals to enter your 1099R.

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

View solution in original post

1 Reply

Can anyone explain to me how I would add my early withdraw of my 401k and if I put the number I received or the number that was withdrawn.

You will receive a 1099R for the money you took from the 401k.   When you have that document, you enter it exactly as it appears.

 

To enter your retirement income, Go to  Federal> Wages and Income>Retirement Plans and Social Security>IRA  401 k) Pension Plan Withdrawals to enter your 1099R.

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question