The question is strictly being asked about your 1099-R, which is a retirement plan on your tax return for 2024, even though you are a beneficiary. An IRA is considered a qualified plan. The following information can be seen in the link (How do I find this?) when asked this question.
A qualified plan is a retirement plan sponsored by employers for the exclusive benefit of employees. These plans follow special IRS rules and qualify for special tax treatment, such as deferring paying taxes on the contributions until retirement.
Qualified plans include:
- 401(k)s
- 403(b)s (also known as tax-sheltered annuity plans)
- 457 plans for government employees
- Traditional IRAs
- Roth IRAs
- SEP and SIMPLE plans for employees of small businesses
- Pension plans
- Profit-sharing plans
- Stock bonus plans
Your employer, broker, or retirement plan administrator can tell you if your retirement plan is a qualified plan.
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