Can I report 1099-R in TurboTax Deluxe?

[mel-kohlberg]

Do I need TurboTax Premier for retirement income?

[DoninGA]

All the TurboTax online editions support the entry of a Form 1099-R, including the Deluxe edition.

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

[VolvoGirl · Accepted solution]

You can enter a 1099R in ALL versions (Online or Desktop).  Even in the Online Free Edition.

The easiest way to get to the 1099-R entry screen is to simply search for 1099-R (upper- or lower-case, with or without the dash) in your TurboTax program and then click the "Jump to" link in the search results.

Enter a 1099R under

Federal Taxes Tab or Personal (Home & Business)

Wages & Income at the top

Then scroll way down to Retirement Plans and Social Security,

Then IRA, 401(k), Pension Plans (1099R) - click Start or Revisit

There are 4 boxes.  Be sure to pick the right box for the kind of 1099R you got.

If you are filing a Joint return be sure to pick which person it is for.

Don't enter the bank or broker name and don't try to import it.  It is just as fast and easy to manually enter it.  At the bottom pick -  Change How I enter my Form

Then on the next screen pick I'll Type it in Myself

[robtm]

1099-R is covered in all TT products, including Free if you qualify.  If you need Deluxe for other reasons 

then it is included.

If you have a simple tax return, you can file for free with TurboTax Free Edition or TurboTax Live Assisted Basic. You can also file with TurboTax Live Full Service Basic at the listed price. A simple tax return is one that's filed using IRS Form 1040 only, without having to attach any forms or schedules. Only certain taxpayers are eligible.

Situations covered (assuming no added tax complexity):

• W-2 income
• Limited interest and dividend income reported on a 1099-INT or 1099-DIV
• IRS standard deduction
• Earned Income Tax Credit (EIC)
• Child tax credits
• Student loan interest deduction

Situations not covered:

• Itemized deductions
• Unemployment income reported on a 1099-G
• Business or 1099-NEC income
• Stock sales
• Rental property income
• Credits, deductions and income reported on other forms or schedules (for example, income related to crypto investments)

If you don’t have a simple tax return, we have other paid options to file using TurboTax.