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Level 1
posted Sep 15, 2024 4:17:57 PM

Where do I enter monthly pension plan payments?

What section of Turbo tax?

0 2 8277
2 Replies
Level 15
Sep 15, 2024 4:33:23 PM

Pension plan payments you received during the year are reported by the pension plan administrator to you on a Form 1099-R.

 

To enter, edit or delete a form 1099-R -

Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Scroll down to Retirement Plans and Social Security
On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button

 

Or enter 1099-r in the Search box located in the upper right of the program screen. Click on Jump to 1099-R

Level 15
Sep 15, 2024 5:24:12 PM

Form 1099-R shows the total amount that you received during the year. It does not show the monthly amounts.


If you don't have the 1099-R, contact the plan administrator and ask for it. You need the 1099-R in order to enter your pension income. You cannot just enter the amount that you received.