We rolled over a pension but still got a 1099- R. WHY?

[IreneS · Accepted solution]

There was still a distribution from one of your retirement accounts, even though it was rolled over to another account.  The financial institution must generate a 1099-R and send a copy to you and the IRS.  If it was rolled over to a similar type of retirement account, the distribution should be nontaxable.

Since it was a rollover, there should be a code G in box 7 of your 1099-R.  Go ahead and enter the information into TurboTax using these steps:

1. Click on Federal Taxes > Wages & Income  [In TT Self-Employed:  Personal > Personal Income].
2. Scroll down to the Retirement Plans and Social Security section and click on the Start/Revisit box next to IRA, 4701(k), Pension Plan Withdrawals (1099-R).  [See Screenshot #1, below.]
3. If you've already entered one (or more) 1099-Rs, you will see a screen Your1099-R Entries.  Click on the link Add Another 1099-R.  [Screenshot #2]
4. If you haven't already entered a 1099-R, you will see the screen, Your1099-R. Click Yes and then Continue.
5. You can either import your 1099-R or click on the I'll type it in myself box.  [Screenshot #3]
6. If you select to enter the information yourself, continue through the screens, answering the interview questions.