What does it mean "What did ___ do with ........re...
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hayes_cd
New Member

What does it mean "What did ___ do with ........retirement money? Cash it out, etc...

Does this mean, I used it for living expenses?

3 Replies
DoninGA
Level 15

What does it mean "What did ___ do with ........retirement money? Cash it out, etc...

It means did you use it for anything else other than moving it to another or the same retirement account.  

dazedconfused
Returning Member

What does it mean "What did ___ do with ........retirement money? Cash it out, etc...

What if it's not eligible for rollover into another retirement account? This is just a monthly cash payment.

DawnC
Employee Tax Expert

What does it mean "What did ___ do with ........retirement money? Cash it out, etc...

TurboTax will know it is not eligible - but the question comes up on every 1099-R entry so just answer ''did something else'' ''took the cash'' or  anything but rollover.    @dazedconfused

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