In January you should receive W-2's as usual for the jobs you worked at for part of the year. Social Security will mail out SSA1099's to you in January, so be on the lookout for those. You will get a 1099R for the pensions---the might mail it but often you need to go to the plan's website to get it or in some cases you might be able to import it. The information for a 1099R is not typically available for import until later in February from most financial institutions.
Go to Federal> Wages & Income>>Retirement Plans and Social Security (SSA1099 and 1099RRB) to enter your SSA1099.
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.
I PAID TAX ON THE RETIREMENT MONEY ALREADY
You had tax withheld from the distributions from the retirement account, just like when an employer withheld tax from your paychecks. When you enter it all into the software, the calculations are done to reconcile the amount of income you received and the amount of tax that was withheld. You might owe more or you might get a refund.
NOT ON THE DROP DOWN LIST
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.**
