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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?

2 Replies
DoninGA
Level 15

1099R

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

macuser_22
Level 15

1099R

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.**
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