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No, you are on the right path. The question about where is this distribution from is probably so that states that don;t tax federal pension can identify it to exclude it.
The question about "what did you do with it" is trying to see if you spent the money so it's taxable income or if you rolled it over into another retirement account.
Next you may get a "Was this a Qualified Disaster Distribution?" (Answer No (unless it was).
Next you will be asked if you received periodic payments (typically monthly) or a single distribution (probably periodic).
Next if your payment were periodic you will be asked if you started these payments in 2019 or in 2018 or before.
If you answered 2018 or before, then you are finally asked if the amount in Box 2a was the taxable amount in previous years. If yes, then select "YES" and the box 2a amount will be used.
If the OPM kept track of any after-tax contributions to the retirement plan (or if there were no after-tax contributions), then the box 2a amount is likely to be correct. You're done.
As you can see from From 1099-R, Box 2a is the taxable portion of your Gross Distribution. When you are entering your 1099-R in TurboTax, enter the data just as it appears on your tax document.
I did that and the next window asked "me where is the Distribution from?", assume that refers to 9d. I marked Fed Government pension. this is where I got lost. next window asked " What did you do with the money From office of personnel Management", I selected I did something else with it. I think I'm going down the wrong path.
That is probably a CSA 1099-R from OPM.
The taxable amount in box 2a is usually the box 1 amount unless you have after-tax contributions in the retirement plan and use the simplified method. If this is NOT the first year of receiving payments, then you should use the same method that was used last year - either the box 1 amount or the simplified method, using the carry forward simplified information from last year.
If box 2a is blank or UNKNOWN then there should be amount in box 9b to use with the simplified method. If no amount in 9b then contact OPM to find the account "basis".
Enter a 1099-R here:
Federal Taxes,
Wages & Income
I’ll choose what I work on (if that screen comes up),
Retirement Plans & Social Security,
IRA, 401(k), Pension Plan Withdrawals (1099-R).
OR Use the "Tools" menu (if online version under My Account) and then "Search Topics" for "1099-R" which will take you to the same place.
Be sure to choose which spouse the 1099-R is for if this is a joint tax return.
Be sure to pick the correct 1099-R type: Standard 1099-R, CSA-1099-R, CSF-1099-R, RRB-1099-R.
[NOTE: When you get to the "Your 1099-R Entries" screen where you can add another 1099-R, use "continue" to keep going as there are additional interview questions after that screen in most cases. You can always return as shown above.]
No, you are on the right path. The question about where is this distribution from is probably so that states that don;t tax federal pension can identify it to exclude it.
The question about "what did you do with it" is trying to see if you spent the money so it's taxable income or if you rolled it over into another retirement account.
Next you may get a "Was this a Qualified Disaster Distribution?" (Answer No (unless it was).
Next you will be asked if you received periodic payments (typically monthly) or a single distribution (probably periodic).
Next if your payment were periodic you will be asked if you started these payments in 2019 or in 2018 or before.
If you answered 2018 or before, then you are finally asked if the amount in Box 2a was the taxable amount in previous years. If yes, then select "YES" and the box 2a amount will be used.
If the OPM kept track of any after-tax contributions to the retirement plan (or if there were no after-tax contributions), then the box 2a amount is likely to be correct. You're done.
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