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New Member
posted Feb 5, 2024 7:19:59 AM

My husband received a lump sum payment for retirement from a previous employer. Where do I put it on the return?

I did not receive any tax form for it.  Where do I report it?

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2 Replies
Level 15
Feb 5, 2024 7:30:33 AM

Provide some details.   Do you mean he left an employer and the employer sent him the money that had been in a 401k, etc.?   If so, he has to enter a 1099R.   If they did not send one, you may need to get it from the plan's website.

 

To enter your retirement income, Go to  Federal> Wages and Income>Retirement Plans and Social Security>IRA  401 k) Pension Plan Withdrawals to enter your 1099R.

Expert Alumni
Feb 5, 2024 7:40:14 AM

A distribution from a retirement account should be accompanied by a 1099-R reporting the distribution.

  • If possible you should contact that employer and request the form.
  • In the event you can not get a 1099-R, the income will still have to be reported.

To post the 1099-R

Select Wages & Income

  1. Scroll down and select IRA, 401(k), Pension Plan Withdrawals (1099-R)
  2. The screen should show Here's your 1099-R info
  3. At the bottom of the page click on [+ Add another 1099-R]
  4. You'll see Let's import your tax info
  5. Scroll to the bottom and select [Change how I enter my form]
  6. How would you like to upload your 1099-R?
  7. Say to [Type it myself]
  8. Who does this 1099-R belong to?
  9. Continue through the interview.
  10. You will come to the screen: Do any of these situations apply to you?
  11. Select I need to file a substitute 1099-R
  12. Continue the interview

If I've misunderstood your question, and this does not completely answer it, please contact us again and provide some additional details.