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Level 1

Question

1099R

Forum|Forum|5 years ago
February 13, 2021
2 replies
9 views

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?

Not A Product Question

Level 15

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

Alumni - Champ

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.**