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?

LindaA
Expert Alumni

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


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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?"

Retirement tax questions

@Dowappy2002 

you neglected to tell TurboTax that all that income is RMD.

answer YES to the confusing TurboTax question.