SamS1
Expert Alumni

Retirement tax questions

Delete the 1 1099R and split into 2 1099R transactions.  Enter them manually.  Make sure when you are done all the boxes totaled equal the amounts in the original 1099R.  The 8915-E will be used for penalty relief from early retirement plan distributions and include the option to spread the distribution income over 3 years.  This may be a good option if the distribution is pushing you into a higher marginal tax bracket.  You may end up paying less tax if you spread the distribution over the 3 years.   After you have logged in and are in your return in TurboTax Online:

  • Go to Search at the top of the screen.
  • then enter Form 1099-R in the search box. 
  • You will see a Jump To function that will take you to the 1099-R input screens. 
  • There delete the 1099R in question by clicking on the trash can next to the form
  • Then add a new 1099R and manually enter your 1099R.

At the financial services screens, click "Change how I enter my form" then "Type it myself"

 

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