Is DBS Service Retirement Annuity considered a qualified plan?

When I enter my 1099-R for my CALSTRS (Benefit type: DBS Service Retirement Annuity) on the Federal forms, TurboTax asks if it is part of a qualified plan. This payment is in addition to my Caltsrs 1099-R for Benefit type: "retirement service". Is this DBS annuity also considered part of a Qualified Plan?

601

Expert Alumni

Mar 25, 2023 5:49:59 PM

It depends, best thing to do is contact the plan administrator, TurboTax can't always determine the plans type only with the code in the box 7 of your 1099-R. Here's a guide to Common Qualified Plan Types from the IRS.

@norm927

Level 15

Mar 25, 2023 6:01:47 PM

during service, did you make contributions to the plan out of payroll deduction?

If yes, it is a qualified plan.

@norm927

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Is DBS Service Retirement Annuity considered a qualified plan?