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Retirement tax questions
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
May 31, 2019
7:48 PM