Question

In the state return, Turbo is referring to pension income as IRA income. The two are different and taxed differently in my state. How do I check this?

Forum|Forum|5 years ago
February 22, 2021
2 replies
0 views

They are both 1099-R but one is exempt the other is not. I need to see the actual tax form to make sure TT has it correct.

TurboTax Premier Online

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BillM223

Please return to the 1099-R interviews. It sounds like you checked the IRA/SEP/Simple box between boxes 7 and 8 when you entered the pension.

This is the only way that TurboTax has to know one from the other.

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S

scotthwerdenAuthor

The IRA/SEP box is not checked.

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BillM223

If you are using the Online software and have not paid for the product yet, note that you can see the Summary of your state tax return by doing the following: On the left click on Tax Tools, then click on Tools below it, then look to the center and click on View Tax Summary, then look back to the left and click on your state's tax summary.

If you are using the CD/download software, you can click on Forms mode and look at the state forms directly.

"In the state return, Turbo is referring to pension income as IRA income."

If you cannot see the state forms, how do you know this?

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S

scotthwerdenAuthor

The preview only shows the high-level numbers like AGI and taxes. It does not show the details which is what I need to see. I want to see Schedule D worksheets and calculations.

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BillM223

What does Schedule D have to do with retirement distributions?

I was hoping that if one distribution was tax exempt and the other wasn't, that you would see unexplained income amounts on the state summary that would allow you to infer how the amounts were treated.

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