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Yes, it's income. Enter the 1099-R under Federal Taxes > Wages & Income > Retirement Plans and Social Security > IRA, 101(k), Pension Plan Withdrawals (1099-R).
You'll get a Form 1099-R if you received $10 or more from a retirement plan. You're required to report a 1099-R on your tax return, even if the distribution isn't taxable.
You can import or upload your 1099-R, or manually enter the information yourself.
Here's how to navigate to the 1099-R section:
- TurboTax Online/Mobile: Go to 1099-R. (click this jump-to link if you're logged into TurboTax Online or Mobile)
- TurboTax Desktop: Select Search Topics. Search for and select 1099-R.
Learn more:
TurboTax - What is Form 1099-R? Distributions From Pensions, Annuities, Retirement, etc.
IRS - About Form 1099-R
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