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Level 2
March 9, 2022
Question

1099r inheritance- where do I input this information?

  • March 9, 2022
  • 3 replies
  • 9 views

My husband received a lump sum that has a taxable amount in box 2a however box 4 says there is no federal income tax withheld. It does show 4D in the distribution code but IRA/SEP/SIMPLE is not checked.  There is an amount in State tax withheld. I've never had to input this before so I'm not sure where exactly I need to fill in this information. 

    3 replies

    Level 15
    March 9, 2022

    Under 'Wages and Income' scroll down to 'Retirement plans and social security'.

     

    Click on the tab marked 1099-R and enter the information just like you do for your W2s.

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    Level 2
    March 9, 2022

    Ok, even though its not a retirement plan for my husband per say? It just counts as income for him? 

    Level 15
    March 9, 2022

    It is a retirement plan for him - an inherited retirement plan.  So, yes, enter it in the same place.

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