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Level 1
June 6, 2019
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I put info in for 1099r. is this the same as w2?

  • June 6, 2019
  • 1 reply
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Best answer by Irene2805

No, form 1099-R and form W-2 are not the same--they report different types of income.

 

The W-2 reports your gross wages and federal and state income tax withholding from your job.  To report wages from a W-2:

  1. Click on Federal Taxes >  Wages & Income.
  2. In the Wages and Salaries section, click on the Start/Revisit box.  

 

Form 1099R reports distributions from retirement plans.  These distributions are not always taxable--it depends on the code entered in Box 7 of the Form 1099R.  To report retirement income from form 1099-R:

  1. Click on Federal Taxes >  Wages & Income.
  2. In the Retirement Plans and Social Security section, click on the Start/Revisit box next to IRA, 401(k), Pension Plan Withdrawals (1099-R).  

 

[Edited | 4/8/2020 |  9:40am PDT]


1 reply

Irene2805Answer
Level 15
June 6, 2019

No, form 1099-R and form W-2 are not the same--they report different types of income.

 

The W-2 reports your gross wages and federal and state income tax withholding from your job.  To report wages from a W-2:

  1. Click on Federal Taxes >  Wages & Income.
  2. In the Wages and Salaries section, click on the Start/Revisit box.  

 

Form 1099R reports distributions from retirement plans.  These distributions are not always taxable--it depends on the code entered in Box 7 of the Form 1099R.  To report retirement income from form 1099-R:

  1. Click on Federal Taxes >  Wages & Income.
  2. In the Retirement Plans and Social Security section, click on the Start/Revisit box next to IRA, 401(k), Pension Plan Withdrawals (1099-R).  

 

[Edited | 4/8/2020 |  9:40am PDT]


Level 2
April 12, 2021

I dont have w2 forms i have 1099r and 1099ssa