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A Form 1099-R is not used for reporting unemployment compensation. It is used to report withdrawals from tax deferred retirement accounts or annuities - https://www.irs.gov/pub/irs-prior/f1099r--2020.pdf
Unemployment compensation is reported to you on a Form 1099-G issued by your state - https://www.irs.gov/pub/irs-prior/f1099g--2020.pdf
Which form did you receive?
Yes, Form 1099-R is for the distribution from a retirement account and needs to be entered in a different place in TurboTax.
Please follow these steps to enter your 1099-R:
If you withdrew funds from your retirement account because you were directly impacted by the pandemic then you can qualify for special tax treatment for this distribution.
You qualify if:
Those who qualify as individuals directly impacted by the pandemic will be able to withdraw up to $100k from their retirement accounts without facing the 10% early withdrawal penalty.
You can choose to have the distribution taxed over 2020, 2021, and 2022 instead of only in 2020. You’ll have three years to pay back the funds you withdrew, without the amount impacting that year’s cap on contributions. If you pay back the amount within that time, you’ll be able to claim a refund on those taxes paid when you file an amended tax return. Please see IRS Coronavirus-related relief for retirement plans and IRAs for more details.
Form 8915 -E, that reports the Coronavirus-related relief measures for retirement plan distributions, is not yet finalized by the IRS. TurboTax will update this section after the IRS releases the final version of Form 8915-E and then you can finish your distribution information.
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