buschfam
New Member

1099R

When entering a 1099R and selecting qualified plan the questions it asks me is if I invested the $$ into another retirement account or cashed it out.  I receive monthly checks for my retirement so neither one.  What do I do?

Retirement tax questions

Select you cashed it in or some other purpose since this is pension/retirement income.

Retirement tax questions

If you received checks the you cashed it out (i.e. you got the money).

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**