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    jcubed's Avatar
    jcubed Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Mar 22, 2007, 01:37 PM
    Reporting 401-K distributions
    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?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Mar 26, 2007, 11:07 PM
    Line 16 for 401K distributions.

    No, the taxable amount is computed using a new streamlined methodology approved last year.
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