To add a 1099-R to the return, click on "BEGIN" next to the Form 1099-R.
Now, click on "BEGIN" next to the option to Add or Edit a 1099-R.
Begin to enter the information provided on the client's 1099-R- starting with the entity's Payer's ID or "EIN".
Continue by entering the payer's (company) name. Ex: Retirement Systems of AL
Enter the amount listed in Box 1 of the provided 1099-R.
Box 2A will automatically enter in the software after entering Box 1, change if necessary.
Now, enter the payer's address listed on the 1099-R.
Next up, enter the zip code of the payer's address listed on the 1099-R.
Enter the distribution code listed in Box 7 of the provided 1099-R.
Afterwards, click on this dropdown to choose the state listed on the provided 1099-R. Follow by entering in boxes 15-19 accordingly.
Next up, click on "Continue".
Note: You may be prompted to answer questions to determine if a early withdrawal penalty should apply to the client. Enter all questions based off the information provided from the client, or, be sure to consult the client for any information not provided but is necessary for completion.
Finally, respond to this question based off the information from the client and press continue. Note: More questions will be prompted depending on the option chose.
