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cba4420
New Member

I am getting money from the SC State Retirement System in the form of a check every month. Why is it asking me What I did with the money from the Retirement System?

 
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SteamTrain
Level 15

I am getting money from the SC State Retirement System in the form of a check every month. Why is it asking me What I did with the money from the Retirement System?

The 1099-R does not indicate if you rolled the money into an IRA or not...(the 1099-R may look the same for those who do)

so, since you used the money for your general living expenses...or put in the bank (but not into an IRA)

....you just select the answer..."I did something else with it (cashed out, etc)"

*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

View solution in original post

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SteamTrain
Level 15

I am getting money from the SC State Retirement System in the form of a check every month. Why is it asking me What I did with the money from the Retirement System?

The 1099-R does not indicate if you rolled the money into an IRA or not...(the 1099-R may look the same for those who do)

so, since you used the money for your general living expenses...or put in the bank (but not into an IRA)

....you just select the answer..."I did something else with it (cashed out, etc)"

*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

View solution in original post

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