turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

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

View solution in original post

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!
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies