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

davsam01 · ‎June 6, 2019

IreneS · ‎June 6, 2019

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"

View solution in original post

IreneS · ‎June 6, 2019

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"

Expert does your taxes

Do it yourself

Resources

Support

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