turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

eharvey
New Member

I retired in June 2017, so part of my income is salary, and part is from my pension. I don't see that option here.

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

5 Replies

I retired in June 2017, so part of my income is salary, and part is from my pension. I don't see that option here.

Normally the salary would be on a W-2 and the pension would be reported on a 1099-R.  Did they do something different?
eharvey
New Member

I retired in June 2017, so part of my income is salary, and part is from my pension. I don't see that option here.

My pension comes from the New York state teacher retirement system. Do I enter the income on the 1099-R page? It is not coming from a bank or brokerage.

I retired in June 2017, so part of my income is salary, and part is from my pension. I don't see that option here.

If you didn't get a 1099-R, they should be putting it in the mail by tomorrow.  Pensions and other qualified retirement plans should all issue 1099-R forms even if they are traditional pensions instead of IRAs.  When you get the 1099-R, enter the income as indicated.
IreneS
Expert Alumni

I retired in June 2017, so part of my income is salary, and part is from my pension. I don't see that option here.

You should receive a 1099-R from the NY State Teacher Retirement System. 

To enter it in TurboTax, please follow these steps:

  1. Click on Federal > Wages & Income.
  2. 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).  [See Screenshot #1, below.]
  3. If you've already entered one (or more) 1099-Rs, you will see a screen Your1099-R Entries.  Click on the link Add Another 1099-R[Screenshot #2]
  4. If you haven't already entered a 1099-R, you will see the screen, Your1099-R. Click Yes and then Continue.
  5. You can either import your 1099-R or click on the I'll type it in myself box[Screenshot #3]
  6. If you select to enter the information yourself, continue through the screens, answering the interview questions.
  7. After entering the 1099R, you will come to a screen, Where Is This Distribution From? mark the radio button next to New York State and City Education and click Continue[Screenshot #4]  This will ensure that the distribution is treated properly on the NY return.





**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

I retired in June 2017, so part of my income is salary, and part is from my pension. I don't see that option here.

@TurboTaxIrene is that question about NY teacher retirement part of the federal interview or the NY state interview?

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question