My wife has a 403b account from her previous employer. After entering the 1099 info, the amount shows up as a pension amount and not as an RMD. How do I correct this?
You'll need to sign in or create an account to connect with an expert.
TurboTax is reporting your 403(b) distribution correctly.
A 403(b) is a type of qualified retirement plan. All distributions from qualified retirement plans are required to be reported on Form 1040 line 16 or Form 1040A line 12, along with distributions from other qualified retirement plans like pensions and any distributions from nonqualified plans.
Form 1040 line 15 and Form 1040A line 11 is exclusively for reporting distributions from IRAs. A 403(b) is not an IRA.
TurboTax is reporting your 403(b) distribution correctly.
A 403(b) is a type of qualified retirement plan. All distributions from qualified retirement plans are required to be reported on Form 1040 line 16 or Form 1040A line 12, along with distributions from other qualified retirement plans like pensions and any distributions from nonqualified plans.
Form 1040 line 15 and Form 1040A line 11 is exclusively for reporting distributions from IRAs. A 403(b) is not an IRA.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
emaven
Returning Member
DR2003
New Member
Sharony
Level 2
Sharony
Level 2
cuddlykitties4
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.