A form 1099-R reports distributions from your retirement plan.
Distributions are generally taxable except in case of rollovers, qualified distributions from a Roth IRA or when your IRA has basis.
You have to enter that form 1099-R on your tax return.
You can enter your form 1099-R by following these steps:
- In TurboTax, open your tax return
- Click on Federal in the left-hand column, then on Wages & Income on top of the screen
- Scroll down to All Income, locate the section Retirement Plans and Social Security and click on Show more
- Click Start next to IRAs, 401(k), Pension Plan Withdrawals (1099-R).
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
