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My husband receives military retirement pay but turbo tax wants to put it in as an ira how can i solve this problem

 
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4 Replies

My husband receives military retirement pay but turbo tax wants to put it in as an ira how can i solve this problem

When completing the section for a Form 1099-R you do NOT check the box for IRA/SEP/SIMPLE.  Remove the checkmark for that box.

My husband receives military retirement pay but turbo tax wants to put it in as an ira how can i solve this problem

It should be on 1040 line 5.  Check the little IRA box between boxes 7 & 8 on the 1099R.  It should not be checked.  Or why do you think it says it's a IRA?  Is it asking for the RMD?  Say Yes.   Anything the pension pays you is considered to be the RMD.

My husband receives military retirement pay but turbo tax wants to put it in as an ira how can i solve this problem

Make sure you didn’t check the IRA box in box 7 of your 1099-R. 

dmertz
Level 15

My husband receives military retirement pay but turbo tax wants to put it in as an ira how can i solve this problem

@VolvoGirl , @Bsch4477 , I suggest avoiding the use of the word 'check.'  Use 'examine' or 'mark' instead.

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