You should receive the 1099-R Form from Vanguard. You may have to log into your account online and print it out. If you don't you will need to enter into TurboTax a substitute form 1099-R as follows:
To enter a substitute form 1099-R in Turbo Tax Desktop follow these instructions:
- Find the Retirement Plans and Social Security menu option in the Wages and Income section of TurboTax
- Start or Update IRA, 401(k), Pension Plan Withdrawals (1099-R)
- Choose Add (Another) 1099-R
- Choose I'll type it in myself
- On the screen that says Tell Us Which 1099-R You Have choose I need to prepare a Substitute 1099-R
To enter a substitute form 1099-R in Turbo Tax Online follow these instructions:
- Find the Retirement Plans and Social Security menu option in the Wages and Income section of TurboTax
- Start or Update IRA, 401(k), Pension Plan Withdrawals (1099-R)
- Choose Add (Another) 1099-R
- Choose I'll type it in myself
- Choose the source of your 1099-R form
- Enter your pension income into the Form 1099-R entry screens
- When you come to the screen that says Do any of these situations apply to you? Check the box that says I need to file a substitute 1099-R and follow the instructions
You would enter the gross rollover amount in box 1 and the taxable portion of it in box 2a. You would check the IRA box underneath box 7 and enter code 7 in box 7 for normal distribution. Then, answer the questions in the rest of the 1099-R entry screens.
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