You'll get a 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 is not taxable. You can add up to 20 1099-Rs in TurboTax.
Here's how to enter your 1099-R:
- Sign in to your TurboTax account
- Open (continue) your return, if you don't already have it open
- Locate the search bar by the magnifying glass icon. Search for 1099-R and select the Jump to link in the search results
- Answer Yes on the screen, Did you get a 1099-R?
- If you land on the screen, Review your 1099-R info instead, select Add Another 1099-R
- 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:
- If your financial institution is a TurboTax 1099 partner, you can import your form. Select your institution from the list and enter your sign-in credentials, then select Get my form to start the import process
- 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
- Continue answering the questions to enter or review the info from your 1099-R
If you have an SSA-1099, follow these instructions to enter it into TurboTax.