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To enter your dad's 1099-R for Military Retirement Pension income in TurboTax Online, go to the Wages & Income section.
Scroll to the Retirement Plans and Social Security section and select Start or Revisit next to IRA, 401(k), Pension Plan Withdrawals (1099-R).
Enter the 1099-R information exactly as it appears on the form. TurboTax allows entry for pensions, not just withdrawals.
If box 2b (Taxable amount not determined) is checked and your dad has a military pension, TurboTax will prompt you to enter details including any nontaxable portions such as disability or housing allowances, which can adjust taxable amounts.
This method accurately reports military retirement pension income disclosed on 1099-R and helps calculate the correct taxable amount.
The standard 1099-R form is the one you use.
Yeah, some of the questions generically refer to all the $$$ as being withdrawals...which implies the person had to take action to get the $$. In a way he did so once when he first applied for his pension. Whatever he was sent for the year is what was distributed/ paid/withdrew ...don't try to read too much into the term.
Then once he reaches age 73, there might be questions about RMDs for that pension.....for a pension that he has no control over the $$ amounts anymore...the RMD is just the box 1 value on that 1099-R. DFAS has already pre-determined the RMD and is paying it out each year.
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