Defined Contribution Plan (401k, 403b, 457, etc.)

Report a defined contribution plan in Schedule A, and report your participation in the plan in Schedule C, Part II. Report a defined contribution plan in which your spouse participates in Schedule A only. 

Definition Contribution Plan: Examples

For You

Schedule A

Report each underlying asset of a defined contribution plan that individually was worth more than $1,000 at the end of the reporting period or that individually produced more than $200 in income during the reporting period. Do not report a plan that you obtained through federal government employment. 

This guide contains specific instructions for each type of asset that you hold within the defined contribution plan. For example, this guide contains instructions for mutual funds, exchange-traded funds, stocks, corporate bonds, and other financial instruments.

Schedule C, Part II

You also need to report your continuing participation in a defined contribution plan in Schedule C, Part II.

Terms: Report your continuing participation in a defined contribution plan and indicate whether your employer will continue to make contributions to the plan. In addition, if you did not report the plan in Schedule A because all of its underlying assets were below the dollar threshold for reporting, indicate in this section that the plan’s underlying assets were below the Schedule A reporting thresholds.

Parties: Provide the name of the employer as well as the city and state in which the employer is located.

Date: Provide the month and year in which you began participating in the plan. This often is the date you became an employee of the organization

For Your Spouse

Schedule A

Report your spouse’s defined contribution plan in the same way as you report your own defined contribution plan, as described above. Do not report a plan that your spouse obtained through federal government employment. 

Schedule C, Part II

Do not report a defined contribution plan in which your spouse participates in Schedule C, Part II.

Click Here for Frequently Asked Questions 

 

This guide is not intended to provide investment advice, and you should not rely on statements in this guide when making investment decisions.