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I received a 1099r our daughter passed away and we received a check from her retirement it was 50485.00 we gave our four grandkids 10099.02 each we had taxes taken out for 10099.01

 
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I received a 1099r our daughter passed away and we received a check from her retirement it was 50485.00 we gave our four grandkids 10099.02 each we had taxes taken out for 10099.01

You enter the Form 1099-R as received. 

Your gifts to the grandchildren are not reported on a tax return.  The gifts were were not over $15,000 to each grandchild so you do not have to be report the gifts given on a Form 709

 

To enter, edit or delete a form 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

Or enter 1099-r in the Search box located in the upper right of the program screen. Click on Jump to 1099-R

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