Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Feb 24, 2025 8:50:43 PM

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.

0 1 671
1 Best answer
Employee Tax Expert
Feb 25, 2025 5:31:44 AM

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.  

1 Replies
Employee Tax Expert
Feb 25, 2025 5:31:44 AM

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.