How are we supposed to enter a 1099 R_LS death benefit so it doesn't look like one of us retired?

Forum|Forum|5 years ago
March 6, 2021
2 replies
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SweetieJean

Employee

You still enter the 1099-R it in Federal > Wages and Income > Retirement. The distribution code in Box (is it 4?) will tell the program that it's a death benefit. It may still be taxable, though.

tallguy1963

I am in the same situation. I received a small death benefit from my brother's estate. I entered the 1099-R_LS with Distribution Code 7 (Death Benefit), yet Turbo Tax still thinks I retired and is asking me about my "retirement plan" and "annuity". Please help!

DaveF1006

This is because code 7 is a normal distribution code for retirement income. It was coded incorrectly. Enter this income here instead.

Log into your account
Select Wages and income
Less Common income
Miscellaneous Income, 1099-A, 1099>start
Scroll to the bottom of the page to Other Reportable Income
Other taxable income, answer yes
Then give a brief description of the income and the amount listed. Call this 1099-R Death Benefit and then the amount.

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SweetieJean

Employee

or did you get a 1099-LS instead? If so, see this:

I entered the amount of my 1099-LS in turbo tax i... (intuit.com)