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Level 1
February 25, 2025
Solved

pension income

I have monthly pension income withholding 20% of tax. turbo tax asks me to check the box what did you do  with  money from CCERA. I am not sure which box to check. please advice.

AnnetteB6Answer
Employee Tax Expert
February 25, 2025

If you used the money to pay for your everyday expenses, just choose 'I did something else with it'.  

 

You only need to pick a specific reason when you moved the money into another type of retirement account.  

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1 reply

AnnetteB6Employee Tax ExpertAnswer
Employee Tax Expert
February 25, 2025

If you used the money to pay for your everyday expenses, just choose 'I did something else with it'.  

 

You only need to pick a specific reason when you moved the money into another type of 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"