Pension income distribution language in Turbo Tax

RetiredEastFalls — Sun, 29 Mar 2020 20:44:09 GMT

I started receiving monthly payments from my pension plan in 2019. It is a qualified pension plan. Turbo Tax asks "What did you do with the money?" and then gives me a choice of either saying I moved to another retirement account (which I did not) or I "did something else with it (cashed out, etc.)".

I don't understand this question. I didn't "cash out" the pension plan; I am getting a monthly income payment from it. How should I reply to this question. HELP!

Re: Pension income distribution language in Turbo Tax

DoninGA — Sun, 29 Mar 2020 20:48:05 GMT

Just answer Did something else with it and Continue. You used the money received and Did not move it to some other tax deferred retirement account.

topic Pension income distribution language in Turbo Tax in Retirement tax questions

Pension income distribution language in Turbo Tax

Re: Pension income distribution language in Turbo Tax