You are going to enter the 1099R (follow steps below) and carefully answer all the questions after you enter it. As up to $10,000 of Roth contributions used for first time home buyer purchase is excluded from taxes. It still however is entered into TurboTax. Below my answer is a very detailed response from another agent earlier. I reviewed it and all the information is still accurate for 2016 tax year.
To enter pension and annuity
Payments (1099-R)
- Click on Federal Taxes (Personal using Home and
Business)
- Click on Wages and Income (Personal Income using Home
and Business)
- Click on I'll choose what I work on (if shown)
- Scroll down to Retirement Plans and Social Security
- On IRA, 401(k), Pension Plan Withdrawals (1099-R),
click the start or update button
https://ttlc.intuit.com/replies/4964380
