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Level 2
January 23, 2021
Solved

1099Rs

  • January 23, 2021
  • 2 replies
  • 2 views

I have 4 1099Rs that I've entered under wages and income but it isnt posting to the 2020 column

    Best answer by macuser_22

    1099-R's are retirement income and do not go in the wage sectiion.

     

    Enter a 1099-R here:

    Federal Taxes,
    Wages & Income
    (I'll choose what I work on - if that screen comes up)
    Retirement Plans & Social Security,
    IRA, 401(k), Pension Plan Withdrawals (1099-R).

    OR  Use the "Tools" menu (if online version left side) and then "Search Topics" for "1099-R" which will take you to the same place.

    Be sure to choose which spouse the 1099-R is for if this is a joint tax return.
    Be sure to pick the correct 1099-R type: Standard 1099-R, CSA-1099-R, CSF-1099-R, RRB-1099-R.

    [NOTE: When you get to the "Your 1099-R Entries" screen where you can add another 1099-R, use "continue" to keep going as there are additional interview questions after that screen in most cases. You can always return as shown above.]

    2 replies

    macuser_22
    Alumni - Champ
    Alumni - Champ
    January 23, 2021

    1099-R's are retirement income and do not go in the wage sectiion.

     

    Enter a 1099-R here:

    Federal Taxes,
    Wages & Income
    (I'll choose what I work on - if that screen comes up)
    Retirement Plans & Social Security,
    IRA, 401(k), Pension Plan Withdrawals (1099-R).

    OR  Use the "Tools" menu (if online version left side) and then "Search Topics" for "1099-R" which will take you to the same place.

    Be sure to choose which spouse the 1099-R is for if this is a joint tax return.
    Be sure to pick the correct 1099-R type: Standard 1099-R, CSA-1099-R, CSF-1099-R, RRB-1099-R.

    [NOTE: When you get to the "Your 1099-R Entries" screen where you can add another 1099-R, use "continue" to keep going as there are additional interview questions after that screen in most cases. You can always return as shown above.]

    **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.**
    snail114Author
    Level 2
    January 23, 2021

    It does capture under the wage & Income section.  I selected 1099R for CSA  and 1099R for military.  it just will not populate the column.

    macuser_22
    Alumni - Champ
    Alumni - Champ
    January 23, 2021

    What "column"?     What are you looking at?

     

    **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.**
    Level 2
    May 17, 2021

    Thanks my 1099r was ambiguous in that the taxable income was blank.