If you take money out of your IRA you will receive a 1099R from the financial institution that handles your account. You must enter that 1099R into your tax return. Sometimes they mail them, but often you need to go on the account website or you might be able to import the 1099R into the tax software. Financial institutions usually have 1099R's ready for import by late February.
To enter your retirement income, Go to Federal> Wages and Income>Retirement Plans and Social Security>IRA 401 k) Pension Plan Withdrawals to enter your 1099R.
If your bank or financial institution is not on the drop down list, click the words “I’ll type it in myself” and key in your information by hand.
See if your financial institution is on the Partner List - If not, you will have to enter the information manually.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
