My Coast Guard retired pay is listed under 1099-R's as if it's a "withdrawal" from an annuity (which it isn't). Am I reporting this in the right section?
041263
4 Replies
DoninGA
Level 15
Jan 31, 2020 1:35:36 PM
Yes, you are in the correct section - IRA, 401(k), Pension Plan Withdrawals (1099-R)
dmertz
Level 15
Jan 31, 2020 1:37:26 PM
TurboTax uses the word "withdrawal" in place of the more proper word "distribution."
macuser_22
Level 15
Jan 31, 2020 1:38:24 PM
What makes you think that is not correct? What code is in box 7 on the 1099-R?
kpsails
New Member
Feb 2, 2020 10:30:40 PM
Thanks for the clue that Turbotax incorrectly labeled the pension "distribution" as if it were a "withdrawal". That was very confusing for me, but your explanation cleared it up for me. Thanks to whoever provided that answer.