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Visitor I

How do I file a 1099r Early Retirement withdrawal I didn't know I had?

I received a form 1099R from a former employer. I didn't even know I had been signed up for a retirement plan. When I left my employer I did receive a check from this mystery retirement account and now I'm paying taxes on it. Turbotax doesn't have any info on this kind of situation. Help?

3 Comments
TurboTax Specialist

How do I file a 1099r Early Retirement withdrawal I didn't know I had?

Enter the 1099-R form as it is reported and answer the follow up questions. To enter:

 

Online versions:

  • Sign into your tax return and select the 'take me to my return' button
  • Type '1099-r' in the search box, then select the 'jump to' link

Enter the form details with the box 7 distribution codes and answer the following interview questions.

 

For desktop versions: 

  • Open your return then type '1099-r' in the Find box and select the 'jump to' link
  • Enter your form details and answer the follow up interview questions
Visitor I

How do I file a 1099r Early Retirement withdrawal I didn't know I had?

That doesn't help. How do I explain that I received this when I left my employer? How do I fight having to pay taxes on this thing?

TurboTax Specialist

How do I file a 1099r Early Retirement withdrawal I didn't know I had?

What do you mean fight to pay taxes? If you received a distribution, taxes are owed unless you rolled it into another retirement account within 60 days of receiving it. What is your box 7 distribution code?