where do i enter a cash withdrawal from my 401k account?

Forum|Forum|1 year ago
February 24, 2025
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MinhT1

When you take a cash withdrawal from your 401(k) account, you'll receive a form 1099-R which you'll enter on your tax return.

You can enter your form 1099-R by following the instructions in this TurboTax Help article.

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xmasbaby0

Employee

If you took money from a 401k you need to enter a 1099R. Get that from the retirement plan's website or import it from them if you can.

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.

If your bank or financial institution is not on the drop down list, click the words “I’ll type it in myself” and key in your information by hand.

See if your financial institution is on the Partner List - If not, you will have to enter the information manually.

**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.**