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Retirement tax questions
@reginarberg - Because the answer to the PSO question does not go on a tax return. It's only propose is to bring up the next TurboTax interview screen. A "yes" answer will the ask "Did the pension plan administrator Pay for Health Insurance - Did the pension administrator take out money form xxx's pension to pay for health insurance".
Answering no to the PSO question just avoids the health insurance question - that is all the PSO questions does.
If health insurance premiums were not paid by the plan then it makes no difference if the PSO question is answered yes OR no, the result will be the same but there will be extra questions to answer.
(If by chance health insurance premiums WERE paid by the plan then consult the plan administrator for guidance - plan rules can differ.)
Answering no to the PSO question just avoids the health insurance question - that is all the PSO questions does.
If health insurance premiums were not paid by the plan then it makes no difference if the PSO question is answered yes OR no, the result will be the same but there will be extra questions to answer.
(If by chance health insurance premiums WERE paid by the plan then consult the plan administrator for guidance - plan rules can differ.)
**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.**
‎June 4, 2019
12:05 PM