Question

My father passed away in February and we received his 401k. we paid taxes on it before we received it. should I get a form for this?

Forum|Forum|7 years ago
June 1, 2019
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TurboTax Deluxe Online

Howard1948

Employee

You should receive a Form 1099-R from the trustee covering this distribution. Be sure that the code in Box 7 is "4" to avoid penalty issues.

And just so there is no later confusion, you did not "pay" the tax on this distribution. You had a certain amount of tax withheld on the distribution, much like the withholding that is done on a regular paycheck. That withholding will be shown in Box 4 of the Form 1099-R and you will get credit for it on your return just like you get credit for your payroll withholding.