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April 2, 2024
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Federal Review It asks if I am covered by a retirement plan at work

  • April 2, 2024
  • 1 reply
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When completing the Federal review within TurboTax it is looking for additional deductions and the first question is it asks if I am covered by a retirement plan at work.  Not sure how to answer that because I am retired and I receive a 1099R from my employers pension.  So how should I answer that question about a retirement plan at work?  I thought I should answer no because I am no longer employed but I recieve a  W2 for benefits they have paid on my behalf but I can't contribute the retirement plan so I am no longer employed and retired.  How should I respond to that question??

    Best answer by MinhT1

    In your case, you should answer: No, you aren't covered by a retirement plan at work.

     

    Your are covered if you receive a form W-2 with Box 13 - Retirement plan checked.

    1 reply

    MinhT1Answer
    April 2, 2024

    In your case, you should answer: No, you aren't covered by a retirement plan at work.

     

    Your are covered if you receive a form W-2 with Box 13 - Retirement plan checked.

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    murrstayAuthor
    April 2, 2024

    Thank you and BOX 13 of my W2 is NOT marked and yes I do believe I should mark it NOT COVERED.  Thanks for your help!

    April 14, 2024

    I am retired also but my retirement payments end of the year form is a 1099R not a W2. Is no still the correct answer?