Retirment pension distribution

[MsSdotjones]

I receive a monthly pension from VRS as a retired teacher. I have federal and state taxes withheld. When I entered the 1099-R information, it is asking questions as if I am withdrawing money from the account. How can I enter the 1099-R to reflect the normal distribution of my retirement?

[LeonardS]

You do not have to do anything to reflect that your 1099-R is a normal distribution.  When you enter the information from your 1099-R the TurboTax uses that information to properly record the transaction as a distribution from your retirement plan.  Your retirement plan is your account.

[MsSdotjones]

TT is asking what I did with the distribution. I did not take out any funds from the fund. I am receiving my monthly pension only. The options are 1) rolled it over to another fund or 2) cashed out which my monthly amount does not fall under either category. Thanks!

[SteamTrain]

@MsSdotjones 

Yes, it effectively falls under #2....cash, or money monthly into your bank account, or a regular check is (effectively) all the same things.

Yeah, perhaps TTX needs to extend the sentence to add a few other handwaving payout options to # 2 to cover everything .... to avoid such confusion.

______________________

Essentially, they only need to know if you:

1) rolled over the $$ to another Retirement account (401k, IRA etc)

2) got the money in some way and didn't do #1