The CSF 1099R is used by the OPM to report a retiree’s spousal survivor benefit income.
When you enter your 1099R make sure you select the correct form.
Using TurboTax Business, where are you suppose to record a CSF 1099-R_LS?
For what kind of return? Search for 1099-R to be taken to Other Income. @rtc
I am filing on behalf of an estate. So, i am using Turbo Tax Business.
There is no place to put in the gross distribution or the federal income tax withheld when using the "other income".
In your personal tax return, go to Wages & Income > I'll choose what I work on.
Then on the page listing income topics, scroll down to Retirement Plans and Social Security > IRA, 401K, Pension Plan Withdrawals (1099-R). Choose Start/Update.
On the next screen, choose I'll type it myself and Continue.
On the next page, select CSF-1099-R. and enter Payer Info on the next page, Continue.
The next page will have entry boxes for Gross Distribution and Federal Tax Withheld. Enter exactly as shown on your form.
I received a small one-time lump sum death benefit from my brother's estate. It was for the three weeks of his last months annuity before he passed (he was retired federal). I entered the 1099-R_LS with Distribution Code 7 (Death Benefit) from the Office of Personnel Management - yet Turbo Tax thinks that I retired and is asking me about my "retirement plan" and "annuity start date, plan cost, etc." Please help me, I would appreciate it!
Are you sure that the distribution code is 7, not 4 for Death Benefit? Did you report this as a 1099-R? If you reported this payment in that section as distribution code 7, that's for a normal distribution, not a death benefit. Please respond with any additional information concerning the form that you received.