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January 24, 2025
Question

Regular Ira distributions

  • January 24, 2025
  • 2 replies
  • 0 views

I received monthly regular Ira distributions I used as income to pay rent, bills, etc. for the entire year. Do I choose:

“I didn't roll over or convert this money”?

    2 replies

    Employee
    January 24, 2025

    Yes. 

    Employee
    January 24, 2025

    It's not a trick question.  If you spent the money, then you didn't roll it over to a new IRA or convert it to a new IRA.