Is this a CSF/CSA? If so, any number in Box 5 is ALWAYS health insurance premiums and is
entered automatically by TurboTax on Schedule A as a medical deduction.
All
retirement accounts, even pensions and annuities, must meet the RMD
requirements.
However,
the way the pension plans meet the RMD requirements is by creating an annuity
paid periodically (in your case monthly). Therefore, you may simply select
"yes" to the RMD question (Was this withdrawal RMD and all of
this was RMD). You will also be asked if the amount reported is paid
periodically in equal amounts. By selecting "yes" the RMD
requirements are met and you may continue with the tax preparation.
Please
be sure, though that 1099-R CSA is entered in the correct section, and not as a
regular pension.
Please
follow the steps below to enter CSA 1099-R.
1. Federal
Taxes
2. Wages
& Income, Jump to Full list
3.
Scroll down and select IRA, 401(k), Pension Plans. On the
screen Tell Us Which 1099-R you Have please be sure to
select CSA-1099-R Civil Service annuity (if you are the
original owner and not the survivor) or CSA-1099-R Civil Service
survivor annuity (if you are survivor, but not the original
owner). Select Continue and you will see automatically
filled in information on OPM. Select Continue again and
you will see Enter Annuity Information screen. You will be
prompted to data entry and additional questions about your annuity. Please be
sure to enter all information – including your contributions- exactly as it
appears on the form. This will ensure proper calculation of the taxable amount.
