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Retirement tax questions
When you retire from the NYPD you can take the money from your pension that was not taxed in a lump sum and put it in an IRA, which I did. My question is when you start to withdraw the money RMD at age 70 1/2 when you enter it in the turbo tax program it asks if that money was earned as a public safety officer. So that question would be marked as Yes. After you continue a list comes up and one of the options to pick is “IRA rolled over from a government pension”.
That is what I am looking at. Would you choose option.
February 4, 2020
3:21 AM