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PeePaw
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Taxes: Qualified vs NonQualified 1099R

I received a 1099-R from The Virginia Retirement System since I retired as a teacher.  Is this income considered Qualified or Nonqualified if an amount is received monthly into a checking account?

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Taxes: Qualified vs NonQualified 1099R

Almost all retirement pensions are qualified.  But the 1099-R payer can tell you for sure.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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