Qualified and Non Qualified Pension Plan Disbursements

Forum|Forum|5 years ago
February 16, 2021
1 reply
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I have a pension plan that has Qualified and Non Qualified disbursements. I get 1099-R forms for the Qualified portion and a W2 for the Non Qualified. The Non Qualified is the portion of the pension that is above the Qualified amount allowed to roll into an IRA. Turbo Tax is asking if amount in the W2 Box 11 is a distribution from a non qualified pension plan. Is the correct answer Yes?

Irene2805

Level 15

Correct - the answer is yes. Box 11 on the W-2 is for distributions from nonqualified pension plans.

jazzfan8

Level 2

It's asking me if the amount from my 199-R is from a qualified or non qualified plan. It's what I receive from my Military retirement (pension). They have pension plans listed as example of qualified plan. However, Military retirement plans are are listed as non qualified. I'm confused what to enter.