If you are referring to a distribution taken in 2021 from your 401(k) account then the plan administrator would have sent you a Form 1099-R for tax year 2021. The Form 1099-R is entered on your 2021 tax return, the code shown in box 7 of the 1099-R is entered as received. To enter, edit or delete a form 1099-R -Click on Federal Taxes (Personal using Home and Business)Click on Wages and Income (Personal Income using Home and Business)Click on I'll choose what I work on (if shown)Scroll down to Retirement Plans and Social SecurityOn IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update buttonOr enter 1099-r in the Search box located in the upper right of the program screen. Click on Jump to 1099-R

Question

What code do i use for 401k on turbo taxes

Forum|Forum|4 years ago
February 12, 2022
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TurboTax Deluxe Online

DoninGA

Employee

If you are referring to a distribution taken in 2021 from your 401(k) account then the plan administrator would have sent you a Form 1099-R for tax year 2021. The Form 1099-R is entered on your 2021 tax return, the code shown in box 7 of the 1099-R is entered as received.

To enter, edit or delete a form 1099-R -

Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Scroll down to Retirement Plans and Social Security
On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button

Or enter 1099-r in the Search box located in the upper right of the program screen. Click on Jump to 1099-R