Mine is not an IRA acct ...it's my Teacher Retirement check??

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TurboTax Deluxe Online

xmasbaby0

Level 15

You have a 1099R to enter? And you are are receiving a monthly check from Teacher's Retirement?

Go carefully through the screens and say you "did something else " (cashed it out etc.) .....a few screens later you will be asked if you received regular periodic payments....say yes.

**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.**

macuser_22

Alumni - Champ

If the IRA/SEP/SIMPLE box (next to box 7 on the TurboTax 1099-R data entry screen) is not checked on your 1099-R (it should not be) then be sure NOT to check it in TurboTax or it will be treated as a IRA when is it not.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**