Do I report my 401-K annual Minimum Required Distribution on Form 1040 Line 15 or Line 16?
Also, can I use the Simplified Method to compute the taxable amount, if it gives me a lower figure than the figure reported on my Form 1099-R?
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Do I report my 401-K annual Minimum Required Distribution on Form 1040 Line 15 or Line 16?
Also, can I use the Simplified Method to compute the taxable amount, if it gives me a lower figure than the figure reported on my Form 1099-R?
Line 16 for 401K distributions.
No, the taxable amount is computed using a new streamlined methodology approved last year.
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