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Returning Member
posted Mar 31, 2021 1:01:28 PM

Qualified retirement plan

After I entered my 1099-R info it's asking if it came from a qualified retirement plan.  Examples of qualified plans are 401's, pension plans ect.  Military retirement plans are listed as non qualified plan.  My 100-R is from my military retirement.  I thought it it was a military retirement/pension. Just not sure what to enter, qualified or not.

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1 Replies
Employee Tax Expert
Mar 31, 2021 1:08:01 PM

A military retirement plan is a non-qualified retirement plan.

 

The term "qualified retirement plan" applies to plans covered by the Employee Retirement Income Security Act, or ERISA. ERISA only covers private sector retirement plans.