BillM223
Expert Alumni

Retirement tax questions

"When Turbo ask "Were you under your minimum retirement age when you received the distribution?", what does this mean exactly? How do I find out? Am I answering Yes or No? "

 

What this means is was your spouse under the minimum retirement age FOR HIS PLAN when he received this contribution? That's because disability payments are treated differently when they are "early" (i.e., before normal retirement) as opposed to when they are after "normal" retirement. Of course, every retirement plan has its own "early" date, which is why we have to ask.

 

"I'm going to assume I should answer "Yes" since he was receiving monthly deposits correct?" - Yes.

 

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