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?

kpsails · ‎January 31, 2020

DoninGA · ‎January 31, 2020

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

dmertz · ‎January 31, 2020

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

macuser_22 · ‎January 31, 2020

What makes you think that is not correct? What code is in box 7 on the 1099-R?

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

kpsails · ‎February 2, 2020

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.

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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?