turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

What Did You Do With The Money From California Public Employees'. I don't understand the question. its a pension/retirement plan. I receive monthly payments?

the options do not make sense to me?
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
IsabellaG
Employee Tax Expert

What Did You Do With The Money From California Public Employees'. I don't understand the question. its a pension/retirement plan. I receive monthly payments?

You would answer "I did something else with it (cashed it out)" if you just kept the money from your regular pension.  There's a different procedure if you rolled a retirement distribution over to another account, but that wouldn't apply to you.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
IsabellaG
Employee Tax Expert

What Did You Do With The Money From California Public Employees'. I don't understand the question. its a pension/retirement plan. I receive monthly payments?

You would answer "I did something else with it (cashed it out)" if you just kept the money from your regular pension.  There's a different procedure if you rolled a retirement distribution over to another account, but that wouldn't apply to you.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies