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Pension income distribution language in Turbo Tax
I started receiving monthly payments from my pension plan in 2019. It is a qualified pension plan. Turbo Tax asks "What did you do with the money?" and then gives me a choice of either saying I moved to another retirement account (which I did not) or I "did something else with it (cashed out, etc.)".
I don't understand this question. I didn't "cash out" the pension plan; I am getting a monthly income payment from it. How should I reply to this question. HELP!
March 29, 2020
1:44 PM