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March 10, 2021
Question

Have an additional 1099R, where does it go. It's income from a pension.

  • March 10, 2021
  • 1 reply
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1 reply

DawnC
Employee
March 10, 2021

It goes in the retirement income section.   You can add up to 20 1099-Rs,   When you get to the summary screen, look for a button that says ''Add Another 1099-R''.   

  • Open (continue) return if you don't already have it open.
  • Inside TurboTax, search for 1099-R and select the Jump to link in the search results.
  • 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.

 

How do I delete a 1099-R?

What do all the codes in Box 7 of the 1099-R mean?

 

After you enter the form, TurboTax will ask some follow-up questions to determine the taxable amounts of your distributions.   You can generally designate any distribution (including periodic payments and required minimum distributions) from an eligible retirement plan as a coronavirus-related distribution, and apply the tax relief of waiving the 10% penalty and spreading the tax ratably over 3 years (2020-2022).

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