topic My Coast Guard retired pay is listed under 1099-R's as if it's a "withdrawal" from an annuity (which it isn't). Am I reporting this in the right section? in Retirement tax questions

My Coast Guard retired pay is listed under 1099-R's as if it's a "withdrawal" from an annuity (which it isn't). Am I reporting this in the right section?

kpsails — Fri, 31 Jan 2020 21:34:30 GMT

Re: My Coast Guard retired pay is listed under 1099-R's as if it's a "withdrawal" from an annuity (which it isn't). Am I reporting this in the right section?

DoninGA — Fri, 31 Jan 2020 21:35:36 GMT

Yes, you are in the correct section - IRA, 401(k), Pension Plan Withdrawals (1099-R)

Re: My Coast Guard retired pay is listed under 1099-R's as if it's a "withdrawal" from an annuity (which it isn't). Am I reporting this in the right section?

dmertz — Fri, 31 Jan 2020 21:37:26 GMT

TurboTax uses the word "withdrawal" in place of the more proper word "distribution."

Re: My Coast Guard retired pay is listed under 1099-R's as if it's a "withdrawal" from an annuity (which it isn't). Am I reporting this in the right section?

macuser_22 — Fri, 31 Jan 2020 21:38:24 GMT

What makes you think that is not correct? What code is in box 7 on the 1099-R?

Re: My Coast Guard retired pay is listed under 1099-R's as if it's a "withdrawal" from an annuity (which it isn't). Am I reporting this in the right section?

kpsails — Mon, 03 Feb 2020 06:30:40 GMT

Thanks for the clue that Turbotax incorrectly labeled the pension "distribution" as if it were a "withdrawal". That was very confusing for me, but your explanation cleared it up for me. Thanks to whoever provided that answer.