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February 16, 2021
Question

Hi I like to File my 1099-R don't See A Link for it

  • February 16, 2021
  • 1 reply
  • 0 views
I Read TurboTax  has  A team for Social  Security  benefits  for Filing

    1 reply

    DawnC
    Employee
    February 16, 2021

    A 1099-R is for retirement income.   If you have social security income, that would be reported to you on a SSA-1099 which is reported in a different place in TurboTax.   Look at your form and follow the directions below depending on what type of form you have.  

     

    You'll get a 1099-R if you received $10 or more from a retirement plan. Here's how to enter your 1099-R in TurboTax:

    1. Open (continue) return if you don't already have it open.
    2. Inside TurboTax, search for 1099-R and select the Jump to link in the search results.
    3. Answer Yes on the Did you get a 1099-R? screen.
      • If you land on the Your 1099-R Entries screen instead, select Add Another 1099-R.
    4. Select which option matches your form and Continue.
    5. You can import your form directly from your financial institution by searching or selecting yours from one of the options on the screen. You'll be prompted to enter your financial institution account information, and TurboTax will directly import your forms.
      • If you prefer to type it in yourself, select Change how I enter my form and continue through.

     

    All SSA-1099 forms get entered in the same place:

    1. Open (continue) your return in TurboTax if it's not already open.
    2. In TurboTax, search for the term social security benefits and then select the Jump to link at the top of your search results.

    3. On the Social Security Benefits screen, answer Yes and select Continue.
    4. Check the first box, then enter the amounts from your form(s) where indicated.
      • If you received multiple SSA-1099s, add up the amounts for each box and enter them together.
      • Do not include SSA-1099s for dependents. Those should be reported on the dependent's return, but only if they are required to file a return (this is uncommon).
    5. Select Continue and follow the onscreen instructions.

    We'll calculate what portion, if any, of your Social Security benefits are taxable. If your only income is from Social Security, you probably don't make enough money to be required to file a return.

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