I retired on a tax-free medical disability retirement in 1992 from CalPERS, and receive a 1099R each year. This is the first time I have used Turbo Tax and do not see any entry for my type of 1099R. Any help would be greatly appreciated.
Thanks.
Jim
I'm going to ask someone familiar with retirement situations and reporting to assist you in this thread, but it likely won't be until morning.
@dmertz Greetings. Are you able to please assist this user when you are next in the forum? Thanks!
You're welcome. In the meantime, you might post some info that might help save time.
As far as I know, a Form 1099-R from CalPERS is informationally no different than any other standard IRA Form 1099-R. Enter the Form 1099-R exactly as received under Wages & Income (or Personal Income) -> Retirement Plans and Social Security -> IRA, 401(k), Pension Plan Withdrawals (1099-R), then answer the follow-up questions. If the Form has code 3 in box 7, TurboTax will ask for the normal retirement age for the CalPERS plan and, if you were under that age, report the income on Form 1040 line 1 as wages rather than as pension income on line 4.
https://www.calpers.ca.gov/page/retirees/taxes/understanding-your-1099r-tax-form