You will enter the 1099R to account for it, and if it is a Roth to a Roth, then it will not be taxed.
Enter the 1099R as follows:
To enter pension and annuity Payments (1099-R)
- Click on Federal Taxes
- Click on Wages and Income
- 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
- Then carefully answer the questions.
