Do we report retirement income?

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TurboTax Deluxe Online

DoninGA

Level 15

Yes. If you received a Form 1099-R and/or a SSA-1099 those are entered on your tax return.

xmasbaby0

Level 15

Yes. But if your ONLY income is Social Security you are not required to file unless you had tax withheld or if you have a 1095A for marketplace health insurance. If you have SS and had other income you may need to file.

Do not try to enter your SSA1099 or RR1099RB as a W-2. Go to Federal> Wages & Income>>Retirement Plans and Social Security (SSA1099 and 1099RRB) to enter your SSA1099.

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.

You need to file a federal return if half your Social Security plus your other income is $25,000 when filing single or head of household, or $32,000 when filing married filing jointly, $0 if you are filing married filing separately.

**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.**