How do you enter state pension income in 1099-r section?

52cluckers — Sat, 01 Jun 2019 15:05:12 GMT

it is a pension payment, how do i avoid entering it as a rollover?

Just enter the information in TurboTax exactly as it is o...

IreneS — Sat, 01 Jun 2019 15:05:13 GMT

Just enter the information in TurboTax exactly as it is on your 1099-R form. It is the code(s) entered in box 7 that determine how the payment is handled. The two most common codes are:

7 - Normal Distribution
G - Rollover

As long as you have code 7 in box 7, the funds will be treated as a payment and not a rollover.

To enter your state pension income reported on a 1099-R, please follow these steps:

Click on Federal > Wages & Income.
Scroll down to the Retirement Plans and Social Security section and click on the Start/Revisit box next to IRA, 4701(k), Pension Plan Withdrawals (1099-R).
If you've already entered one (or more) 1099-Rs, you will see a screen Your1099-R Entries. First delete the 1099-R you started to enter by clicking the Delete box next to it.
Now you can click on the link Add Another 1099-R.
If you haven't already entered a 1099-R, you will see the screen, Your1099-R. Click Yes and then Continue.
You can either import your 1099-R or click on the I'll type it in myself box.
If you choose to enter the information yourself, you will see the screen, Tell Us Which 1099-R You Have. Make sure you select the correct form and then click Continue.
The screen in TurboTax should match the type of 1099-R form you received.
When you are finished entering the 1099-R information, you will be brought back to the Your 1099-R Entries screen. Click Continue if you have no more 1099-Rs to enter.

topic How do you enter state pension income in 1099-r section? in Retirement tax questions

How do you enter state pension income in 1099-r section?

Just enter the information in TurboTax exactly as it is o...