Form 1099-R – 401(k) Distributions
You’ll receive a Form 1099-R from the payer of your 401(k) distribution. A copy of that form is also sent to the IRS. To report the 401(k) distribution in your TaxAct return, follow these steps.
Online
Dashboards
- From within your TaxAct return, click Income.
- On smaller devices, click the menu at the top left corner of your screen, then make your selection.
- Expand the Retirement & Social Security section.
- Click Add beside Distributions from IRA, 401(k), Pension Plan.
- Search for your financial provider or click Enter 1099 Manually at the bottom right.
- Complete the rest of the interview process.
Classic Navigation
- From within your TaxAct return, click Federal.
- On smaller devices, click the menu at the top left corner of your screen, then make your selection.
- Click the Retirement Plan Income drop-down, then click IRA, 401(k), and pension plan distributions (Form 1099-R).
- Click + Add Form 1099-R to create a new copy of the form.
- Click Edit to edit a form already created.
- Complete the rest of the interview process.
Desktop
- From within your TaxAct return, click Federal.
- Click the Retirement Plan Income drop-down, then click IRA, 401(k), and pension plan distributions (Form 1099-R).
- Click + Add beside Form 1099-R to create a new copy of the form.
- Click Review to edit a form already created.
- Choose Quick Entry or Step-by-Step Guidance and follow the steps to enter your details.
For additional information, go to IRS Publication 575.