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How do I enter my 1099-R as income that I receive once a month

 
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3 Replies

How do I enter my 1099-R as income that I receive once a month

Enter the 1099-R as written   and complete the follow up screens ...

 

Enter a 1099-R here:

Federal Taxes,
Wages & Income
I’ll choose what I work on (if that screen comes up),
Retirement Plans & Social Security,
IRA, 401(k), Pension Plan Withdrawals (1099-R).

OR Use the "Tools" menu (if online version under My Account) and then "Search Topics" for "1099-R" which will take you to the same place.

Be sure to choose which spouse the 1099-R is for if this is a joint tax return.
Be sure to pick the correct 1099-R type: Standard 1099-R, CSA-1099-R, CSF-1099-R, RRB-1099-R.

 

How do I enter my 1099-R as income that I receive once a month

Why is Turbo Tax asking me "What Did You Do With The Money from BNY MELLON DISBURSEMENT AGENT?"

I didn't do anything with the money, I get paid monthly due to retirement.

ErnieS0
Expert Alumni

How do I enter my 1099-R as income that I receive once a month

TurboTax wants to know whether you moved the money into another retirement account. In that case, it would not be taxable.

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