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New Member
posted Mar 19, 2021 11:25:15 AM

Need input my Prudential 1099R

Need to add my Prudential 1099R

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2 Replies
Level 15
Mar 19, 2021 11:45:37 AM

Have you filed yet?  If not, go to Federal > Wages and Income > Retirement.

Expert Alumni
Mar 19, 2021 11:48:41 AM

You'll get a 1099-R if you received $10 or more from a retirement plan. Here's how to enter your 1099-R in TurboTax:

  1. Open (continue) return if you don't already have it open.
  2. Inside TurboTax, search for 1099-R and select the Jump to link in the search results.
  3. Answer Yes on the Did you get a 1099-R? screen.
    • If you land on the Your 1099-R Entries screen instead, select Add Another 1099-R.
  4. Select which option matches your form and Continue.

If you have already filed a tax return for 2020, you will need to file an amended tax return to add the 1099-R.   The amendment (Form 1040X) will be later this month.  

 

If you took money out of retirement for reasons related to COVID-19, you won’t pay a penalty and you can spread out the taxes over 3 years, with an option to pay back what you took out. Learn more.