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gijeff58
February 2, 2020
Question

1099-R

  • February 2, 2020
  • 1 reply
  • 0 views

Why does Turbo Tax ask what I did with my money from my military retirement (1099-R) when its just deposited into my checking account?

1 reply

A
AnnetteB6
February 2, 2020

The purpose of that question is to be sure that you did not rollover the distribution into another retirement plan.  If that was the case, then there would be more follow-up questions related to a rollover.

 

If you just deposited the money into your checking account, then just choose that you 'did something else' with it and move forward.  

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    M
    Mng
    February 3, 2020

    IF it is a direct rollover, then it's not taxable...therefore why does Turbo Tax need to ask the zip code of the new retirement plan?

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