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Rebelhut
Returning Member

Turbo Tax problem

The RMD distributions from my IRA show up in the summary form as Pension distributions.

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1 Reply
ThomasM125
Employee Tax Expert

Turbo Tax problem

That can occur if you failed to designate the distribution reported on your Form 1099-R as an IRA distribution. You need to review your Form 1099-R entry made in the Retirement Plans and Social Security section, then IRA, 401-K, Pension Plan Withdrawals (1099-R). On the screen that says Enter your 1099-R details from (name of pension plan), check the box underneath box 7 where you see IRA/SIMPLE/SEP box is checked.

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