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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

Enter the 401(k) distribution in your TaxAct return by following the steps below:

  1. From within your TaxAct return (Online or Desktop) click Federal. On smaller devices, click in the upper left-hand corner, then select Federal.
  2. Click Retirement Plan Income in the Federal Quick Q&A Topics menu to expand the category, then click IRA, 401(k) and Pension Plan Distribution (Form 1099-R)
  3. Click +Add Form 1099-R to create a new copy of the form, or click Review to review a form already created
  4. Click Quick Entry or Step-by-Step Guidance. If you select Quick Entry, be sure to scroll down to answer all applicable questions. If you select Step-by-Step Guidance, the program will proceed with the interview questions.

For additional information, see IRS Publication 575 Pension and Annuity Income.


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