My former employer declared bankruptcy and closed their pension plan. I had to take out all the money. I immediately opened an IRA with all of it. How do I show that?

Moving the money from the pension plan to the IRA is called a rollover and is not a taxable event.  But you do report the rollover to the IRS by following these steps:

To report moving money from your pension to the IRA.

• Log into your TurboTax return
• Click on Federal Taxes
• Click on Wages and Income
• Scroll to Retirement Plans and Social Security
• Click on the button beside IRA, 401(k), Pension Plan Withdrawals (1099-R) 
• You will be asked if you have any of the types of retirement income listed – you will need to answer yes

Go on through the next couple of screens entering your information.  When you get to “Enter your 1099-R”, you will enter all the information exactly as it is reported on your Form 1099-R. 

• When you get to the screen titled "What Did You Do With The Money from (Name of Broker)?" Indicate that you moved the money to another retirement account.
• Then indicate you did a rollover of the money.
• And how much you rolled over to another to the IRA.

Answer a couple more questions and you will be done!