To address why TurboTax might be treating your government pension plan as if it were an inherited IRA, follow these steps:
Check Form 1099-R:
- IRA/SEP/SIMPLE Box: Ensure this box is not checked on your Form 1099-R
- . If it is checked, TurboTax may treat the distribution as coming from an IRA, which could lead to incorrect handling.
Verify Distribution Code:
- Box 7 Code: Confirm that the distribution code in Box 7 accurately reflects a government pension plan and not an inherited IRA -see box 7 codes here.
Instructions to Check 1099-R in TurboTax:
- Navigate to 1099-R: In TurboTax, click the magnifying glass icon and type "1099-R" in the search box. Click the "Jump to 1099-R" link.
- Edit Information: Click "Edit" next to your 1099-R entry. Scroll down to Box 7 to verify the distribution code
