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Retirement tax questions
If you are referring to the screen 'Who gave you a 1099-R?' (TurboTax Online), you would select 'Financial Institution or Other Provider' (see image below).
If you do not have a pension from the federal government or the Railroad Retirement Board, do not select those options. The taxable amount for these pensions or retirement plans has special worksheets to determine the taxable amount and a cost in the plan (after tax contributions by the employee) that can be recovered as the pension is received.
Please update here with more details if you need further assistance.
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March 4, 2022
9:42 AM