Retirement tax questions

Money you take out of a retirement account is reported on a 1099R which you will receive (or import) in late January/mid-February for your tax return.  You simply enter the 1099R into the tax software and then answer a question in the software as to whether the distribution was an RMD.  

 

 

To enter your retirement income, Go to  Federal> Wages and Income>Retirement Plans and Social Security>IRA  401 k) Pension Plan Withdrawals to enter your 1099R.

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**