Income reported from 1099-R asking if it is "Qualified" or "Non-Qualified"

[BlueRidge guy]

I have a 1099-R for Retirement income.  The box between field 7 and 8 called IRA/SEP/Simple is not checked, so Turbo Tax is asking me if the plan is "Qualified" or "Non-Qualified" I don't know how to answer this question.

The money comes from an annuity that my employer arranged for me when I retired, where I choose to receive the benefit as monthly payments instead of a lump sum retirement benefit.  The money and 1099-R comes from JP Morgan Chase bank  but it also lists my company benefits center in the 1099-R Payer's box.

[DaveinCharlotte1 · Accepted solution]

Sounds like a Qualified plan.  Non-qualified plans are plans that you funded out of your own pocket, not getting any kind of deferred-tax benefit at the time.  If your employer funded this plan, presumably your employer got the deferred-tax benefit, and it's a Qualified plan.  Or, if you paid into this plan and had your payments excluded from your income, it's a Qualified plan.  If Required Minimum Distributions apply to this plan, it's a Qualified plan.  If your 1099-R shows that all of your payout is taxable, it's a Qualified plan (if Non-qualified, only the capital-gains portion of your payout would be taxable).  I think I saw more about this in the TT Help option for 1099-Rs.