1099-r box 7 code 7 is a Normal distribution, but than is ask me , what did you do with the money, rolled over or converted or cashed out not sure,!

[joe858]

call pension plan and was told that i receive a single life annuity, so i will receive a check every month for the rest of my life.

[joe858]

i just spoke with my pension plan nokia benefits resource center and was told that i need to speak with turbotax for the answers, i ask them is is a simple rolled over, converted or cashed out, was told cashed out was wrong but would explain?

[joe858]

i just spoke with my pension plan nokia benefits resource center and was told that i need to speak with turbotax for the answers, i ask them is is a simple rolled over, converted or cashed out, was told cashed out was wrong but would explain?

[joe858]

what did you do with the money from --- moved the money to another account or returned to the same retirement account---second- did something else with it cashed out,etc. choose which of the flowing applies---rolled ove all of the money to a IRA or other retirement account or returned to same account--- next- converted all of the money to a Roth Ira account---next-did a combination of rolling over, converting, cashing out the money!! please help

[joe858]

P.S im willing to talk with someone in turbotax also.

[VolvoGirl]

You did  "something else" with it.  You get the cash or check each month.  You did not roll it over.

[Coleen3]

Anything other that putting it back into an IRA or another annuity is "something else".

[joe858]

THank you  Coleen, i will check it, did something else with it cashed out,etc., Again thank now i could move on! have a great a day!

[Coleen3 · Accepted solution]

Unless you turned around and contributed that money into an IRA or other retirement vehicle, you cashed it out. Even if you were to buy a CD, invest in the stock market or put it into a savings account, you have still cashed it out.

[VolvoGirl]

Right.  All it really wants to know is if you did the first choice like convert it to a ROTH.  If you didn't do the first choice then pick the second one for did something else.

[joe858]

Thank you- cashed out ect!! sound good!!

[Coleen3]

My pleasure.