Three things concerning a military retirement 1099-R
- On the screen that asks if the IRA/SEP/SIMPLE box is checked, you must indicate no.
- On the screen that asks if you were employed as a public safety officer, you must select no.
- On the screen that asks if the payment was from a qualified or non-qualified plan, you must select that it's from a NON-Qualified plan.
The last one being incorrectly selected is the most common reason for a penalty to be assessed if you are not yet of retirement age.
