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Tax help for military filers
If they treated the severance pay as taxable then you should have gotten a 1099-R which lists the amount of severance pay and the taxes withheld. You would enter the 1099-R as shown below and put in the full severance pay as a negative number in other reported income. If you didn't get a 1099-R you might want to check with the VA or DFAS.
- Login to your TurboTax Account
- Click "Federal" from the left side of your screen
- Click "Wages & Income" on the top
- Scroll down and click "Start or Edit/Add" next to "IRA, 401(k), Pension Plan Withdrawals (1099-R)"
- Answer "Yes" to the question "Did You Have Any of These Types of Income?"
- Click "I'll Type it Myself"
- Choose "Form 1099-R, Withdrawal of Money from 401(k) Retirement Plans, Pensions, IRAs, etc."
- Click "Continue"
- From here TurboTax will walk you through entering your Form 1099-R
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‎February 1, 2020
12:22 PM