Charles Schwab

[mckinney456]

I have a charles schwab account that I received gross distribution on line 1, but didn't received anything for Federal income on line 4, do I need to report this 1099-R on my taxes?

[MindyB]

Yes.  Line 4 is federal income tax withheld, not the amount that should be included as federal income.

Here is how to report this in TurboTax Online:

• Navigate to Federal > Wages & Income > IRA, 401(k), Pension Plan Withdrawals (1099-R) Add/Edit
• Add a 1099-R
• Select "Change how I enter my form"
• On the next screen, it asks "How would you like to upload your 1099-R?" Select "Type it in myself"
• Next it asks  "Who gave you a 1099-R?", you can click "Financial institution or other provider" and select continue
• Now, you can input your 1099-R provider's info, and continue through the rest of the interview