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How can I tell if my pension plans are qualified plans?
My husband and I are receiving a handful of little pensions. In each instance, we had the option to cash out or receive monthly distributions. We chose the later. Can we consider these qualified plans?
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June 4, 2019
1:29 PM
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Retirement tax questions
The TurboTax FAQ below discusses qualified plans (be sure to click See entire answer). Most employer-sponsored retirement plans are qualified plans.
https://ttlc.intuit.com/replies/3301001
June 4, 2019
1:29 PM
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Retirement tax questions
I get monthly distributions from my federal retirement plan. Turbotax asks me "what did you do with the money from OPM? a. move to another account or b. cash out -
Is my monthly distribution considered a "cash out?"
April 15, 2022
8:33 AM
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Retirement tax questions
you neglected to tell TurboTax that all that income is RMD.
answer YES to the confusing TurboTax question.
April 15, 2022
9:45 AM