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How do I enter an IRA investment distribution that was not from a financial institution?

where do I enter an IRA distribution without a 1099
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2 Replies
JohnB5677
Employee Tax Expert

How do I enter an IRA investment distribution that was not from a financial institution?

Follow these steps to prepare a substitute 1099-R.

On sidebar 

  1. Select Federal 
  2. Wages & Income 
  3. Select Wages and Salaries, or Revisit 
  4. Scroll to Retirement Plans and Social Security
  5. Select the type of income
    1. IRA, 401(k), Pension Plan Withdrawals (1099-R)
    2. Social Security (SSA-1099, RRB-1099)
    3. Canadian Registered Pension Income
  6. At this point you can edit an existing document of [Add another 1099-R]
  7. If a new 1099-R continue to Let's import your tax info
  8.  You can import by selecting your provider 
    1. Follow the instructions
  9.  or [Change how I enter my form]
  10. [Type it Myself]
  11. Continue through the questions until the "Do any of these situations apply to you?" screen 
  12. Select "I need to file a substitute 1099-R".
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dmertz
Level 15

How do I enter an IRA investment distribution that was not from a financial institution?

How can you have an IRA distribution that was not from a financial institution?  IRA custodians must be either a bank or an IRS-approved non-bank custodian, but all are required to issue a Form 1099-R for a distribution of $10 or more.

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