Does a 401k count as qualified retirement plan? Or do i select no for that question. Turbo tax question Question-(have you contributed to any qualified retirement plans?)

mckinleygirl08 · ‎June 6, 2019

MichaelL1 · ‎June 6, 2019

Yes, a 401K is a qualified retirement plan. Answer YES if t is a 401K.

Qualified Retirement Plan' A type of retirement plan established by an employer for the benefit of the company's employees. Qualified retirement plans give employers a tax break for the contributions they make for their employees.

Does a 401k count as qualified retirement plan? Or do i select no for that question. Turbo tax question Question-(have you contributed to any qualified retirement plans?)

Retirement tax questions