Question

1099-r

Forum|Forum|6 years ago
March 15, 2020
3 replies
0 views

my mom is retired and has a 1099-R form from policemen annuity pension. . When turbo tax asked is she has 1099-r the option were for 401k. where do I enter this type of 1099-r

macuser_22

Employee

The box 7 code and interview questions will determine the taxable amount.

Enter a 1099-R here:

Federal Taxes,
Wages & Income
(I'll choose what I work on - if that screen comes up)
Retirement Plans & Social Security,
IRA, 401(k), Pension Plan Withdrawals (1099-R).

OR Use the "Tools" menu (if online version left side) and then "Search Topics" for "1099-R" which will take you to the same place.

Be sure to choose which spouse the 1099-R is for if this is a joint tax return.
Be sure to pick the correct 1099-R type: Standard 1099-R, CSA-1099-R, CSF-1099-R, RRB-1099-R.

[NOTE: When you get to the "Your 1099-R Entries" screen where you can add another 1099-R, use "continue" to keep going as there are additional interview questions after that screen in most cases. You can always return as shown above.]

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

D

dylanhs23

when do I have to make my 2019 sep/ira contribution

LeonardS

Since the CARES Act is still working its way through Congress and has not been signed into law, there are some questions that can't be answered definitively at this time. Please check for updates here TurboTax Corona Virus Update Center and here IRS Corona Virus Update Center.

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K

KarenM90

Form 1099 R is used for all types of retirement accounts.

The data entry is the same for distributions from pensions, IRAs, 401ks and annuity distributions.

When you get to that section, choose the first option;

Form 1099R withdrawal of money from 401(k), retirement plan, pensions, IRA's etc.

Continue through the on-screen questions.

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C

coolkiwilivin

My wife left the ministry we both worked out and is rolling over her Employee Retirement account into her Roth. We are planning on recording half of it for this year and the other half next year. on the screen its asking me about 2017, 18, 19 & 20 distributions. 2020 does say (before 2017 tax return due date) So should I put the remaining amount we plan to rollover for next year in the 2020 box or not?

macuser_22

Employee

@coolkiwilivin wrote:

My wife left the ministry we both worked out and is rolling over her Employee Retirement account into her Roth. We are planning on recording half of it for this year and the other half next year. on the screen its asking me about 2017, 18, 19 & 20 distributions. 2020 does say (before 2017 tax return due date) So should I put the remaining amount we plan to rollover for next year in the 2020 box or not?

Exactly what form do you have (a 1099-R I assume) and what code is in box 7?

Is the IRA/SEP/SIMPLE box checked?

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

R

RoDo

Where on the NC income tax form do I enter my 1099R Federal pension exclusion?

DaveF1006

After you enter your 1099R into your federal return, you will arrive that says select your state. When you select North Carolina, there will be a screen asking where the distribution is from and then it will ask the source of the distribution. You need to fill out this section in order to exclude the income.

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