My mother was a New York City teacher, and upon her retirement, she took the proceeds from her 403B account and placed them into a regular (non-Roth) IRA account. I inherited the IRA upon her death. TurboTax is asking what the "source" of my distribution was.
Since the funds originated from a 403B account, should I state that it came from New York State and City Education, or because it was transferred to an IRA, is that an incorrect statement? Also, if incorrect, what is the correct answer?
You'll need to sign in or create an account to connect with an expert.
Since the conversion was made before her death, you would not indicate this originated from New York State and City Education. You would report it as a IRA rollover from from a former government pension. See screenshot.
Since the conversion was made before her death, you would not indicate this originated from New York State and City Education. You would report it as a IRA rollover from from a former government pension. See screenshot.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
hwy407
New Member
moontess
New Member
bfordmn
Returning Member
lollicup73
New Member
Edge10
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.