For a profit sharing cash-out, you should have received a 1099. If not, here's what to do: Click on Federal Taxes Select Wages and Income Scroll down to Retirement Plans and Social Security Select IRA, 401(k), Pension Plans (1099-R) On the screen Tell Us Which 1099-R you have, select I need to prepare a substitute 1099-R and continue.

Question

How do you file your profit-sharing you cashed in

Forum|Forum|5 years ago
February 12, 2021
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TurboTax Deluxe Online

ReneeM7122

For a profit sharing cash-out, you should have received a 1099. If not, here's what to do:

Click on Federal Taxes
Select Wages and Income
Scroll down to Retirement Plans and Social Security
Select IRA, 401(k), Pension Plans (1099-R)
On the screen Tell Us Which 1099-R you have, select I need to prepare a substitute 1099-R and continue.