IRA Withdrawal and HRA accounts

bobo_dennis · ‎May 31, 2019

We have an HRA and we withdrew funds from an IRA account but I do not know where to enter this information on my refund?

PaulaM · ‎May 31, 2019

HRA - You do not need to report anything on your tax return with regard to your HRA (Health Reimbursement Arrangement). The account is funded by your employer so there isn't anything for you to deduct. You won't pay taxes on the disbursements either.

IRA - You will receive a 1099-R for any disbursement from this account. It is important to wait until you receive the form because the IRS will also receive a copy to match. Follow the steps below to enter in TurboTax.

Select My Account in your open return
Select Tools
Topic Search
Type 1099-R in the search box, then select GO

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

View solution in original post

PaulaM · ‎May 31, 2019

HRA - You do not need to report anything on your tax return with regard to your HRA (Health Reimbursement Arrangement). The account is funded by your employer so there isn't anything for you to deduct. You won't pay taxes on the disbursements either.

IRA - You will receive a 1099-R for any disbursement from this account. It is important to wait until you receive the form because the IRS will also receive a copy to match. Follow the steps below to enter in TurboTax.

Select My Account in your open return
Select Tools
Topic Search
Type 1099-R in the search box, then select GO

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

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IRA Withdrawal and HRA accounts