You'll need to sign in or create an account to connect with an expert.
Probably not technically an IRA. An IRA is an individual retirement account and is set up similar to a bank account or a mutual fund. Your Teacher Retirement services is likely a pension. They are similar in how they are taxed and reported, but you will know for sure if you look at the little check box next to box 7. If that box (SEP, IRA, Simple) is checked, then it is an IRA. If it is blank, it is not.
Probably not technically an IRA. An IRA is an individual retirement account and is set up similar to a bank account or a mutual fund. Your Teacher Retirement services is likely a pension. They are similar in how they are taxed and reported, but you will know for sure if you look at the little check box next to box 7. If that box (SEP, IRA, Simple) is checked, then it is an IRA. If it is blank, it is not.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
mrobert3
New Member
surber-p
New Member
francisburcham
New Member
lls2005@verizon.
New Member
Adamskw58
New Member