Yes, this does matter. Turbo Tax may think this is an annuity rather than a pension. So let's see if we can correct the program to treat it as a pension and not as an annuity.
- In your program, go to personal>personal income>
- Retirement Plans and Social Security>IRA 401K ......
- Select the 1099R that pertains to this issue
- Delete it
- Now add it back again
- Select I'll type it in myself
- When it asks Tell us which 1099R you have, make the first selection. All the other 1099R's listed there are annuity contracts.
- Now enter the details of your 1099R
- As yo scroll through the questions, When you reach the screen that asks where is this distribution from, indicate none of the above.
- Next indicate this is a qualified plan
- Then finish out the section.
- Let me know if his works.
@mdimunno1983
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