Any tax due from a 1099-R will be calculated as part of your overall return. All you need to do is enter the 1099-R in the program and the program will calculate your total tax owed, including any penalties, as part of your overall return (refund or balance due).
If you need help entering your 1099-R, follow these steps:
The easiest method of entering the income is to use the search function -
- Log into your account
- Select Take Me to My Return (must click this before proceeding to the search)
- Use the search function in the top right-hand corner (magnifying glass)
- Search for “1099R” and click the "jump to" link that appears
- Proceed with filling out the information
You can also find this section under Federal Taxes (may say Personal if using Self Employed version) > Wages and Income > If prompted, click "Ill choose what want to work on" or "Show All" > Retirement Plans and Social Security > IRA, 401(k), Pension Plan Withdrawals (1099-R)
