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Level 2
posted Jan 31, 2020 9:29:13 AM

Newly Retired with CalPERS and question asks Owned Roth IRA for 5 years

This is my first year of filing a 1099-R from CalPERS.  TurboTax asks, Owned any Roth IRA for Five Years?  I retired with just under 40 years of service.  Am I supposed to select Yes?  I have no other Roth except my CalPERS.

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1 Replies
Expert Alumni
Feb 2, 2020 7:48:52 AM

No, this is not a Roth IRA account. Please select no when asked if you owed Roth IRA for five years.  

 

Link with more information about CalPERS