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cnx_land
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Is a 1099-R from Defense Finance and Accounting Service a qualified plan? This income guaranteed from service member to an ex-spouse because of divorce settlement QDRO?

 
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ToddL
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Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Is a 1099-R from Defense Finance and Accounting Service a qualified plan? This income guaranteed from service member to an ex-spouse because of divorce settlement QDRO?

A military retirement (DFAS 1099-R) is a non-qualified plan. It makes no difference who is receiving the benefits (payments) from that retirement plan.

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3 Replies
ToddL
New Member
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Is a 1099-R from Defense Finance and Accounting Service a qualified plan? This income guaranteed from service member to an ex-spouse because of divorce settlement QDRO?

A military retirement (DFAS 1099-R) is a non-qualified plan. It makes no difference who is receiving the benefits (payments) from that retirement plan.

Stravi20
Returning Member

Is a 1099-R from Defense Finance and Accounting Service a qualified plan? This income guaranteed from service member to an ex-spouse because of divorce settlement QDRO?

What does this exactly mean?

 

If the QDRO is issued, for a 50% division of a thrift saving plan, then, this cash is also considered income and must be taxed twice? First, 10-20% as an the early withdrawal penalty, and twice as income to the payee/beneficiary?

MarilynG1
Expert Alumni

Is a 1099-R from Defense Finance and Accounting Service a qualified plan? This income guaranteed from service member to an ex-spouse because of divorce settlement QDRO?

@Stravi20 Click this link for info on  How to Enter a QDRO Payment

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