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December 28, 2024
Question

Full year retirment but used some IRA money which turbotax is best to use

  • December 28, 2024
  • 1 reply
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My husband retired then end of 2023.  We used some IRA's, he has a pension and receives social security.  How do I know when turbotax to use for 2024.

    1 reply

    DoninGA
    Employee
    December 28, 2024

    Any of the TurboTax editions, online or desktop, can be used to report a distribution from an IRA.  You will receive a Form 1099-R for the IRA distribution made in 2024 sometime in January 2025.  The Form 1099-R is reported on your 2024 tax return.

    Employee
    December 28, 2024

    And..

     Go to Federal> Wages & Income>>Retirement Plans and Social Security  (SSA1099 and 1099RRB) to enter your SSA1099.

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**