This was from an ESOP (employer stock option)
Using Turbo Tax under Deductions and Credits
This situation May lower your Tax bill
if you used the money, Glenn took out of a Retirment account (other than IRA) for any of the following reasons, you may not have to pay the additional tax>
Other Reason
- Money from an employer plan if you stopped working there by March 1, 1986, you have a written schedule for the payout of the money, and you get the payments according to the schedule.
- ESOP employer stock dividends
- Money from a deferred annuity contract that was invested in before August 14, 1982.
- Money from a deferred annuity contract for a personal injury settlement.
- Money from a deferred annuity contract purchased by your employer because the employer's retirement plan or retirement annuity plan terminated. The employer held the annuity contract until you stopped working there.
or am I reading this wrong?
