Just enter the information in TurboTax exactly as it is on your 1099-R form. It is the code(s) entered in box 7 that determine how the payment is handled. The two most common codes are:
- 7 - Normal Distribution
- G - Rollover
As long as you have code 7 in box 7, the funds will be treated as a payment and not a rollover.
To enter your state pension income reported on a 1099-R, please follow these steps:
- Click on Federal > Wages
& Income.
- Scroll down to the Retirement
Plans and Social Security section and click on the Start/Revisit box
next to IRA, 4701(k), Pension Plan Withdrawals (1099-R).
- If you've already entered one (or
more) 1099-Rs, you will see a screen Your1099-R Entries. First delete the 1099-R you started to enter by clicking the Delete box next to it.
- Now you can click on the link Add
Another 1099-R.
- If you haven't already entered a
1099-R, you will see the screen, Your1099-R. Click Yes and
then Continue.
- You can either import your 1099-R
or click on the I'll type it in myself box.
- If you choose to enter the
information yourself, you will see the screen, Tell Us Which 1099-R You Have.
Make sure you select the correct form and then click Continue.
- The screen in TurboTax should
match the type of 1099-R form you received.
- When you are finished entering the
1099-R information, you will be brought back to the Your 1099-R Entries screen.
Click Continue if you
have no more 1099-Rs to enter.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"