Where do I enter a Form 1099-R for withdrawal of funds from a 403B

[jcwalker45]

I have a 403B that I contributed to when I was employed with a School System. I received a Form 1099-R that shows the amount I withdrew, and the taxes taken out of the withdrawal. Where do I enter this on my tax return?

[VolvoGirl]

Enter a 1099R under
Federal Taxes
Wages & Income
Then scroll way down to Retirement Plans and Social Security
Then IRA, 401(k), Pension Plan Withdrawals (1099-R) – Click Start

[MinhT1]

You can enter your form 1099-R by following the instructions in this TurboTax Help article.

Make sure that Federal tax withheld is entered in box 4. If there is state tax withheld, enter it in box 14.

[DHNJ]

Turbotax Deluxe Employee Experts, PLEASE respond to my two questions regarding NJ worksheet C:

1. Is there an option to combine SP and TP forms into one Worksheet?  This option is required when the SP Contributions (line 4a or 4b) can't be easily separated from TP Contributions.

And,

2.  When 403b and 401a withdrawals (RMDs) are entered into TurboTax from 1099-R forms, the income is NOT automatically included on NJ-1040, line 20a.  On TT worksheet C the first column only puts an 'x' in the box for IRA 1099-R entries, and does not 'x' the box for 403b and 401a 1099-R entries as "taxable income"; so the result reported on the NJ-1040 line 20a is way off!!  Am I entering the 1099-R incorrectly for those annuities?  

Thanks for any help.

[MarilynG1]

1. There is a separate worksheet for TP and SP, so why can't you separate contributions/distributions between you?  When you enter the contributions/distributions in TurboTax, you indicate who made the contribution or received the distribution reported on the 1099-R.

2. New Jersey allows exclusion of retirement income, with a % based on your income.  If you fall into one of the categories as shown on the NJ Dept. of Treasury info, all or part of your pension income is excluded, which may be why it doesn't show as taxable income on your NJ return. 

All 1099-R income is considered 'retirement income'.  Here's more info on 1099-R for Pensions, Annuities, Retirement.

@DHNJ 

[DHNJ]

@MarilynG1 Employee Tax Expert

1 You said "...  indicate who made the contribution...

After 40+ years of "Married filing jointly", which combined all yearly NJ-1040 contributions,  (TP+SP = Total contributions), your answer does not tell me how to to use TurboTax to create a (TP+SP) Worksheet C for RMDs in retirement.   NJ allows (TP+SP) Worksheet C, and that could reduce the taxable portion of RMDs this year.  Can you contact TT designers of NJ-1040 forms and ask if they allowed for this option?

2.  You said " all or part of your pension income is excluded".  You missed the point.

Ask designers why my 1099-R entries in TT for 401(a) and 403(b) RMDs are not correctly recorded on the "Pension" worksheet C as taxable income, so the "excluded portion" is never calculated on  Worksheet C.  I try to fix it manually by marking an 'x' in the first column, "Check if this is an IRA distribution", but why does this not happen automatically during 1099-R entry?  And am I correct in fixing it this way?