Retirement tax questions

Just enter the information in TurboTax exactly as it is on your 1099-R form.  It is the code(s) entered in box 7 that determine how the payment is handled.  The two most common codes are:

• 7 - Normal Distribution
• G - Rollover

As long as you have code 7 in box 7, the funds will be treated as a payment and not a rollover.

To enter your state pension income reported on a 1099-R, please follow these steps:

1. Click on Federal > Wages & Income.
2. Scroll down to the Retirement Plans and Social Security section and click on the Start/Revisit box next to IRA, 4701(k), Pension Plan Withdrawals (1099-R). 
3. If you've already entered one (or more) 1099-Rs, you will see a screen Your1099-R Entries.  First delete the 1099-R you started to enter by clicking the Delete box next to it. 
4. Now you can click on the link Add Another 1099-R. 
5. If you haven't already entered a 1099-R, you will see the screen, Your1099-R. Click Yes and then Continue.
6. You can either import your 1099-R or click on the I'll type it in myself box.   
7. If you choose to enter the information yourself, you will see the screen, Tell Us Which 1099-R You Have.  Make sure you select the correct form and then click Continue.
8. The screen in TurboTax should match the type of 1099-R form you received.
9. When you are finished entering the 1099-R information, you will be brought back to the Your 1099-R Entries screen.  Click Continue if you have no more 1099-Rs to enter.