how do I report my 401K on the 1040 tax form?

Question

I'm trying to file a 2005 tax return and I can't find where to report my 401K. Any help would be greatly appreciated.

Answer 1

If you just put money in to a 401k through work and did not withdraw it, it does not go on the 1040 at all. The amounts on the W2 already take in to account the money you put in.

If your income was low enough, you may qualify for a retirement savings contribution credit (Form 8802 ?????) for just putting money in to a 401k.

Answer 2

Report 401k On Taxes

Answer 3

The other answers are correct- you shouldn't need to report anything unless you took a distribution. However, depending on your income level, there is a tax credit for contributions made to a 401k plan (at least on the '06 return). I'm not sure the requirements without doing some instructions, but be aware of the possible credit. It is rare to find someone meeting the low income requirements who actually contributes, but it is a possibility.

Answer 4

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I am assuming you did not roll over your monies into another retirement fund (like a Rollover IRA). It goes in the "Pensions and Annuities" box. In the 2012 Form 1040, it was in line 16a. When you get your 1099R for 2013 in early 2014, it will tell you which line the monies should be reported in the 2013 Form 1040. If you did roll over your monies into another fund, it will be tax-free. In 2014 you will get instructions with your 1099R on how this is done. Generally, you show the distribution in line 16a, and then you will show that the taxable amount is $0.00 in line 16b.

Answer 5

WWW.IRS.GOV
HAS THE ANSWER.
ALSO REQUEST PUBLICATION 575; FOR FORMS AND PUBLICATIONS CALL 1-800-829-3676.
There is a FAQ on the IRS website:
Frequently Asked Tax Questions And Answers
Keyword: 401(k) Pension Plan

5.1 Pensions and Annuities: General
It all depends if you cashed it in?

Answer 6

did you cash in a 401k or are you talking about trying to deduct what you put into a 401k?
If you are just talking about reporting the gain in value of your 401k., it does not get reported until you start taking cash out.

Answer 7

You don't report it on your tax return. Your W-2 shows your gross income AFTER your 401(k) contributions so there's no need for further reporting of it.

Answer 8

If you are putting money into it, you don't. It's already deducted from your taxable income on your W-2.

If you are withdrawing money, it's reported as pension income.