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posted Jan 22, 2023 7:59:56 AM

When will form 1099-R be ready?

when will form 1099 be ready?

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2 Replies
Level 15
Jan 22, 2023 8:04:13 AM

1099-R forms have been going out. You will receive your 1099-R from your Financial Institution.  They have until the end of January to be sent out.  You can also check your Financial website to see if you can print a copy of your 1099-R form out.

 

You'll get a 1099-R if you received $10 or more from a retirement plan. 1099-R forms are typically sent by January 31st. You're required to report a 1099-R on your tax return, even if the distribution is not taxable. You can add up to twenty 1099-Rs in TurboTax.

Here's how to enter your 1099-R:

 

  1. Go to to Form 1099-R enter your pension, annuity, or other retirement plan distributions.
  2. Answer Yes on the screen, Did you get a 1099-R?
  3. If you land on the screen, Review your 1099-R info instead, select Add Another 1099-R
  4. Answer any questions until you get to the screen, Let's import your tax info. Here you can choose how you want to enter your 1099-R
  5. If your financial institution is a TurboTax 1099 partner, you can import your form.
  6. Select your institution from the list and enter your sign-in credentials, then select Get my form to start the import process
  7. If you prefer to upload your 1099-R or type in the info yourself, select Change how I enter my form. On the next screen, select your preferred entry method
  8. Continue answering the questions to enter or review the info from your 1099-R

https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-1099-r/L6IUK09NY_US_en_US

Level 15
Jan 22, 2023 8:05:37 AM

To enter your retirement income, Go to  Federal> Wages and Income>Retirement Plans and Social Security>IRA  401 k) Pension Plan Withdrawals to enter your 1099R.

 

Or do you mean when will you be able to import it?   Financial institutions usually have your 1099R available to print or view on their website a few weeks before the data is ready for import into tax software.   It often takes until sometime into February before you can import a 1099R.  If you want to key it in by hand before then you can do that if you are able to get it from the website.