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Ragtop69
New Member

How do I input the information from my two small retirement accounts?

Why can't I enter my information from my two 1099-R's?
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2 Replies
JohnB5677
Expert Alumni

How do I input the information from my two small retirement accounts?

You must have TurboTax Deluxe or higher to post your 1099-R's:

 

This is how to post a 1099-R

  1. Click "Wages & Income" on the top
  2. Scroll down to  "IRA, 401(k), Pension Plan Withdrawals (1099-R)
  3. Answer "Yes" to the question "Did You Have Any of These Types of Income?"
  4. Click "I'll Type it Myself"
  5. Choose "Form 1099-R, Withdrawal of Money from 401(k) Retirement Plans, Pensions, IRAs, etc."
  6. Click "Continue"
  7. From here TurboTax will walk you through entering your Form 1099-R

 Once you complete the first one you can Add Another 1099-R 

 

The code(s) in Box 7 of your 1099-R helps identify the type of distribution you received. We use these codes and your answers to some interview questions to determine if your distribution is taxable or subject to an early withdrawal penalty.


 

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How do I input the information from my two small retirement accounts?

Yes You can enter a 1099R in the Free Edition.  

Form comparison list.  Scroll down and click on Tax Forms and there is a chart and the forms in each version

https://turbotax.intuit.com/personal-taxes/online/free-edition.jsp

 

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

 

 

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