☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 6, 2019 1:46:18 AM

I am entering my husbands small business expenses. When will turbo tax ask about my retirement income and our home expenses?

0 1 643
1 Best answer
Intuit Alumni
Jun 6, 2019 1:46:19 AM

Your retirement income is listed among the rest of the income. It depends on whether it is Social Security or a pension/IRA.

All SSA-1099 forms get entered in the same place:

  • Open (continue) your return in TurboTax if it's not already open.
  • In TurboTax, search for the term "social security benefits" and then select the "Jump to" link at the top of your search results.
  • On the Social Security Benefits screen, answer Yes and select Continue.
  • Check the first box, then enter the amounts from your form(s) where indicated

To enter pension and annuity Payments (1099-R)

•        Click on Federal Taxes (Personal using Home and Business)

•        Click on Wages and Income (Personal Income using Home and Business)

•        Click on I'll choose what I work on (if shown)

•        Scroll down to Retirement Plans and Social Security

•        On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button

Home Expenses are entered in Deduction and Credits.

Here's how to enter your mortgage interest statement:

  1. Open your return.
    (To do this, open the mobile app and click the orange     Take me to my return button.)
  2. Tap the menu icon in the upper left, select Federal Taxes, and then Deductions & Credits.
  3. Select Your Home, and tap Mortgage Interest, Refinancing, and Insurance.
  4. Answer Yes to Did you pay any home loans in 2017?
  5. Type in the name of your mortgage lender.
  6. Follow the onscreen instructions to enter the rest of the information on your 1098 form.

If you think your 1098 may not include amounts you paid for PMI, property taxes or other items at the time of closing, contact your lender.

  • If you need help reading your closing statement, contact your real estate broker or loan broker, who will be familiar with your particular situation.

1 Replies
Intuit Alumni
Jun 6, 2019 1:46:19 AM

Your retirement income is listed among the rest of the income. It depends on whether it is Social Security or a pension/IRA.

All SSA-1099 forms get entered in the same place:

  • Open (continue) your return in TurboTax if it's not already open.
  • In TurboTax, search for the term "social security benefits" and then select the "Jump to" link at the top of your search results.
  • On the Social Security Benefits screen, answer Yes and select Continue.
  • Check the first box, then enter the amounts from your form(s) where indicated

To enter pension and annuity Payments (1099-R)

•        Click on Federal Taxes (Personal using Home and Business)

•        Click on Wages and Income (Personal Income using Home and Business)

•        Click on I'll choose what I work on (if shown)

•        Scroll down to Retirement Plans and Social Security

•        On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button

Home Expenses are entered in Deduction and Credits.

Here's how to enter your mortgage interest statement:

  1. Open your return.
    (To do this, open the mobile app and click the orange     Take me to my return button.)
  2. Tap the menu icon in the upper left, select Federal Taxes, and then Deductions & Credits.
  3. Select Your Home, and tap Mortgage Interest, Refinancing, and Insurance.
  4. Answer Yes to Did you pay any home loans in 2017?
  5. Type in the name of your mortgage lender.
  6. Follow the onscreen instructions to enter the rest of the information on your 1098 form.

If you think your 1098 may not include amounts you paid for PMI, property taxes or other items at the time of closing, contact your lender.

  • If you need help reading your closing statement, contact your real estate broker or loan broker, who will be familiar with your particular situation.