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Received a 1099-R but it is not job related. TurboTax wants to make it a new occupation income.

 
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Received a 1099-R but it is not job related. TurboTax wants to make it a new occupation income.

A Form 1099-R is not related to compensation from any type of work or compensation for services.  If you are trying to enter the Form 1099-R in the section for reporting a Form 1099-MISC you are in the wrong section.

To enter a form 1099-R -

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Wages and Income (Personal Income using Home and Business)
  • Click on I'll choose what I work on (if shown)
  • Scroll down to Retirement Plans and Social Security
  • On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button

Or enter 1099-r in the Search box located in the upper right of the program screen.  Click on Jump to 1099-R

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4 Replies

Received a 1099-R but it is not job related. TurboTax wants to make it a new occupation income.

A Form 1099-R is not related to compensation from any type of work or compensation for services.  If you are trying to enter the Form 1099-R in the section for reporting a Form 1099-MISC you are in the wrong section.

To enter a form 1099-R -

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Wages and Income (Personal Income using Home and Business)
  • Click on I'll choose what I work on (if shown)
  • Scroll down to Retirement Plans and Social Security
  • On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button

Or enter 1099-r in the Search box located in the upper right of the program screen.  Click on Jump to 1099-R

Hal_Al
Level 15

Received a 1099-R but it is not job related. TurboTax wants to make it a new occupation income.

On the other hand, if what you have is a 1099-Misc, and not a 1099-R; The IRS considers anything in box 7 of 1099-MISC to be self employment income. TurboTax (TT) aggressively steers you in that direction. If you try reporting box 7 income as anything else, you chances of hearing from the IRS are very high.
If you did any kind of work or performed a service, you have self employment income

Received a 1099-R but it is not job related. TurboTax wants to make it a new occupation income.

Is it showing up as Wages on Form 1040, line 7?

Received a 1099-R but it is not job related. TurboTax wants to make it a new occupation income.

Yikes, found my mistake. Thanks!
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