What screen to add 1099 R AND 5498

You'll get a 1099-R if you received $10 or more from a retirement plan. Click here to enter your 1099-R in TurboTax.

You can also select Federal from the left menu and select Wages & Income at the top of the screen.

1. Scroll down to IRA, 401(k), Pension Plan Withdrawals (1099-R) and select Start/Review.
2. You will be able to edit an existing 1099-R or Add another 1099-R. 
3. On the Let's import your tax info screen, enter your Plan administrator or select Change how I enter my form. 
4. On the How do you want to add your 1099-R screen, select one of the options or you can Type it in myself.
5. Continue with the onscreen interview until complete.

If you took a distribution from your IRA or pension plan, you'll get Form 1099-R. This form, along with additional info you provide, will determine what portion, if any, of your distribution is taxable.

You don't need to enter information from your Form 5498 (IRA Contribution Information) into TurboTax like you do with a W-2 or 1099s. In most cases, you'll find the information needed for your return on other paperwork, such as a year-end summary statement or a Form 1099-R.

Keep Form 5498 with your records for future reference when you need to determine the end of year value or your investment basis in non-deductible or Roth IRAs.