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February 27, 2022
Question

Have missed the area to submit required IRA distributions and taxes paid cannot locate ?

  • February 27, 2022
  • 1 reply
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1 reply

February 27, 2022

Please follow the steps below to report IRA Distributions:

  1. Click on Tax Home from the left side Menu.
  2. Click on Wages & Income from the main screen.
  3. Scroll down till you see the section for "Retirement plans and Social Security". Within this section the first option will be for IRA withdrawals (1099-R). Click Start next to it.
  4. You can find the name of the institution which issued you the Form 1099-R and import the form automatically. 

However. if you cannot find the bank name which issued you the Form 1099-R, it most likely means that the financial institution has not partnered with TurboTax. However, you can still enter the form manually.

 

On the same page where you see a list of all the financial institutions, at the bottom, there is an option for "Change how I enter my form". Click on that option. Then on the next screen, you can click on "Type it in myself". Then it will ask you some questions and you will be able to enter the Form 1099-R Information.