topic WHEN I TRY TO INPUT A 1099R, IT ASKS FOR BANK NAME? in Retirement tax questions

WHEN I TRY TO INPUT A 1099R, IT ASKS FOR BANK NAME?

lee-penny — Tue, 04 Jun 2019 22:38:51 GMT

When TurboTax ask for the bank name on your 1099-R enter...

Leonard — Tue, 04 Jun 2019 22:38:52 GMT

When TurboTax ask for the bank name on your 1099-R enter the Payer's name. The name has no impact on your tax return. On the page Let Us Enter Your 1099-R click the radio box I'll type it in myself then follow the program prompts to enter your 1099-R information.

Are you at a screen "Let's get your tax info" and referri...

mesquitebean — Tue, 04 Jun 2019 22:38:54 GMT

Are you at a screen "Let's get your tax info" and referring to the institution search line you first encounter?  If you are using Online TurboTax, your screens may look a little different from the ones above, but the principal is the same, however.

You are likely getting a screen with a lot of logos and a search line to look up a financial institution.  The search line may say "bank" but it means "financial institution" in general.  But that is only if you wish to import the 1099-R.   To skip importing you can ignore that search line or the logos, and scroll down on the same screen and at the lower right there is a gray button "I'll type it in my self."    You may not see that gray button unless you scroll way down.

Once you click the gray button, then on the next screen it will say "Tell us which 1099-R you have."   Indicate the typr of 1099-R, then on the next screen you can enter your financial institution's name (Payer) and the rest of the 1099-R data.

Re: WHEN I TRY TO INPUT A 1099R, IT ASKS FOR BANK NAME?

Tim Havener — Fri, 08 Apr 2022 20:18:43 GMT

while importing my 1099-R from my union pension your program keeps asking for a financial instition, none is listed. what should I do?

Re: WHEN I TRY TO INPUT A 1099R, IT ASKS FOR BANK NAME?

DoninGA — Fri, 08 Apr 2022 20:19:52 GMT

@Tim Havener wrote:

while importing my 1099-R from my union pension your program keeps asking for a financial instition, none is listed. what should I do?

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

On the screen Did you get a 1099-R in 2021? Click on Yes

On the next screen click on Continue

On the screen Let's import your tax info Click on Change how I enter my form

On the screen How do you want to add your 1099‑R? Click on Type it in myself

On the screen Who gave you a 1099-R? select the type of 1099-R you received and Continue