Get your taxes done using TurboTax

Yes, you have to enter the Form 1099-R that you received on your tax return.  The taxable amount of the distribution in box 2a is added to your tax return as ordinary income and taxed at your current tax rate.  The federal taxes withheld are entered on your tax return as a tax payment.

This is no different then entering a W-2 on your return for the gross amount of income and the federal taxes withheld.

 

To enter, edit or delete a form 1099-R -

Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Scroll down to Retirement Plans and Social Security
On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button

 

Or enter 1099-r in the Search box located in the upper right of the program screen. Click on Jump to 1099-R

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