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I am retired from one company and working for another. I received both a W-2 and 1099 from the company I retired from. Why would this be?
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I am retired from one company and working for another. I received both a W-2 and 1099 from the company I retired from. Why would this be?
OK, the W-2 will be reported in the income area as one of the first items to report.
Then the 1099R is for a retirement distribution and that gets reported as follows:
To enter pension and annuity Payments (1099-R)
- Click on Federal Taxes
- Click on Wages and Income
- 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
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I am retired from one company and working for another. I received both a W-2 and 1099 from the company I retired from. Why would this be?
Is it a 1099R? Please give more detail what 1099 is for. Thank you
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I am retired from one company and working for another. I received both a W-2 and 1099 from the company I retired from. Why would this be?
Yes, it is a 1099-R.
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I am retired from one company and working for another. I received both a W-2 and 1099 from the company I retired from. Why would this be?
OK, the W-2 will be reported in the income area as one of the first items to report.
Then the 1099R is for a retirement distribution and that gets reported as follows:
To enter pension and annuity Payments (1099-R)
- Click on Federal Taxes
- Click on Wages and Income
- 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