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mutheta
New Member

Friend retired. Took money out of work retirement plan and moved it to an annuity/IRA Accout. How to record in Turbotax?

 
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Accepted Solutions
Cindy0H
New Member

Friend retired. Took money out of work retirement plan and moved it to an annuity/IRA Accout. How to record in Turbotax?

Here is how to enter it:

  • Federal
  • Income & Wages
  • Retirement Plans & Social Security
  • 1099R, Pension Plans....start or update
  • Enter the 1099
  • There will be numerous questions...when you see "what did you do with this money?" (see screenshot)...check I moved it...then check the correct answer

If you have other questions about this, ask in the comment section below.

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1 Reply
Cindy0H
New Member

Friend retired. Took money out of work retirement plan and moved it to an annuity/IRA Accout. How to record in Turbotax?

Here is how to enter it:

  • Federal
  • Income & Wages
  • Retirement Plans & Social Security
  • 1099R, Pension Plans....start or update
  • Enter the 1099
  • There will be numerous questions...when you see "what did you do with this money?" (see screenshot)...check I moved it...then check the correct answer

If you have other questions about this, ask in the comment section below.

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