When
TurboTax asks you to select the source of this 1099-R distribution, this is for
State income tax purposes. You need to
choose one of the following options and it is not plainly written anywhere on Form 1099-R, but you can figure out which option applies
to your 1099-R form.
- Military pension
- Qualified government or
public pension
- Current year conversion from
a traditional IRA to a Roth IRA
- Pension/IRA distributions
received before retirement age
- Other qualified IRA distributions and private-source
pensions, including:
-
IRA distributions received after age 59 1/2
(See the attached screenshot below. Click to enlarge.)
Make sure that you check the IRA box beneath Box 7 on the 1099-R entry form. (See bottom of the attached screenshot below. Click to enlarge.)
