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New Member
posted Jan 31, 2020 1:34:30 PM

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?

0 4 1263
4 Replies
Level 15
Jan 31, 2020 1:35:36 PM

Yes, you are in the correct section -  IRA, 401(k), Pension Plan Withdrawals (1099-R)

Level 15
Jan 31, 2020 1:37:26 PM

TurboTax uses the word "withdrawal" in place of the more proper word "distribution."

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?

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.