W2 Box 2

[gebasden50]

I am a retired federal employee.  My form indicates it is a 1099-4.  Should I treat it as a 099-4 or s a W-2

Thanks. 

George

[VolvoGirl]

It's a 1099-R.  

Enter a 1099R under
Federal Taxes on left
Wages & Income at the top

Then scroll way down to Retirement Plans and Social Security
Then IRA, 401(k), Pension Plans (1099R) – Click Start

If you are filing a Joint return be sure to pick which person it is for.

[Hal_Al]

You mean 1099-R?

 To report retirement income, you enter your 1099-R.  Do not enter retirement income in the wage (W-2) section. 

In TurboTax (TT), enter at:
- Federal Taxes tab (Personal in  Home & Business)

 - Wages & Income

Scroll down to:

-Retirement Plans & Social Security

      -IRA, 401(k), pension Plans (1099-R)

[gebasden50]

No, I meant 1099-A

[gebasden50]

It is a 1099-A for sale of Timeshare.

[Irene2805]

If you received a 1099-A it means that the lender has taken back the property.  Form 1099-A is not reportable on your tax return.  Quite often the lender will then issue a 1099-C for cancellation of debt.  Cancellation of debt is considered income.

Please see this TurboTax Help article for more information:  What do I do with Form 1099-A? - TurboTax

[gebasden50]

Thank you.  That is exactly what happened.  However they have not sent us a 1099-C yet.  Appreciate your help.

George