I don't know what code to enter in the Retirement Type Checkbox... "N", "B", or "R". On my 1099-R form, I have a 1 in Box 7, which is the only code I see.

smallbeaty · ‎February 10, 2021

DanaB27 · ‎February 10, 2021

When you enter your 1099-R select "1" for the box 7 entry. Enter Form 1099-R exactly as it shows on the Form.

Login to your TurboTax Account
Click on the Search box on the top and type “1099-R”
Click on “Jump to 1099-R”

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SteamTrain · ‎February 10, 2021

IF you see that as an error...then you didn't set it on a follow-up page after you entered your 1099-R form itself during the interview.

Go back to the actual 1099-R form in the Wages&Income section and edit that 1099-R....on one of the the pages AFTER the main form, you need to indicate what the source/type of the pension was....and make a selection (picture below) . Usually it is a "None" selection, unless is either a State employee pension, or Federal/Military pension which was 5-year vested before Aug 12 1989....then it can be marked as Bailey Settlement. (the other two, Faulkenbury and RailroadRoad are rarely used for a plain 1099-R form):

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

I don't know what code to enter in the Retirement Type Checkbox... "N", "B", or "R". On my 1099-R form, I have a 1 in Box 7, which is the only code I see.

Retirement tax questions

Retirement tax questions