Skip to main content
Level 1
March 26, 2020
Question

Where do I enter a 1099-R for my pension income? Are these considered distributions? Is this the same as distributions in the case of a pension?

  • March 26, 2020
  • 3 replies
  • 17 views
No text available

3 replies

VolvoGirl
Level 15
March 26, 2020

You can just type 1099R into the search box at the top of your return, then find and it will give you a Jump To link to go right to it.


OR Enter a 1099R under
Federal on left
Wages & Income at top
Then scroll way down to Retirement Plans and Social Security,
Then IRA, 401(k), Pension Plans (1099R) - click Start or Update

 

Be sure to pick the right spouse if you are married.

After you enter the 1099R be sure to answer all the follow up questions on the next screens to determine how much is taxable or not. Go all the way to the end of the section. You have to enter it from the 1099R because there are codes on it you need to enter properly.

If you are over 70 1/2 it will ask if you took the RMD. Just say YES. Anything your pension pays you is considered to be the RMD.

DoninGA
Level 15
Level 15
March 26, 2020

They are distributions from a pension fund.  If you are questioning whether the pension has to report a Required Minimum Distribution, only if you are age 70 1/2 or older in 2019 would all of the pension be an RMD.

 

 To enter, edit or delete a form 1099-R -

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Wages and Income (Personal Income using Home and Business)
  • Click on I'll choose what I work on (if shown)
  • Scroll down to Retirement Plans and Social Security
  • On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button

Or enter 1099-r in the Search box located in the upper right of the program screen. Click on Jump to 1099-R

Level 15
March 26, 2020

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.

 

Yes---money you took from a retirement account is a "distribution."

**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.**