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davsam01
New Member

I don't understand "What did you with with IRA? I didn't do anything except set up monthly payments.

 
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IreneS
Intuit Alumni

I don't understand "What did you with with IRA? I didn't do anything except set up monthly payments.

TurboTax is asking if you put the funds you received back into another retirement account or if you kept the money and used it for something else (food, mortgage, 'round-the-world cruise, etc.).  Your answer affects the tax treatment.

It sounds like you would select "Did something else with it" since you didn't put it back into another retirement account.

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IreneS
Intuit Alumni

I don't understand "What did you with with IRA? I didn't do anything except set up monthly payments.

TurboTax is asking if you put the funds you received back into another retirement account or if you kept the money and used it for something else (food, mortgage, 'round-the-world cruise, etc.).  Your answer affects the tax treatment.

It sounds like you would select "Did something else with it" since you didn't put it back into another retirement account.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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