How can I tell if my pension plans are qualified plans?

[peggy28210]

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 · Accepted solution]

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

[Dowappy2002]

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?"

[fanfare]

@Dowappy2002 

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

answer YES to the confusing TurboTax question.