is teacher's retirement system of Louisiana taxable income?

Forum|Forum|1 year ago
February 17, 2025
1 reply
0 views

No text available

BillM223

No, it's not.

Bu what you need to do is tell TurboTax the source of tis pension.

1. Make sure you have indicated Louisiana as your home state.

2. After you enter the 1099-R numbers, there should be a screen that asks what the source of this distribution is.

3. Make sure you indicate 03E – Louisiana State Teachers’ Retirement Benefits

Then when you go to the Louisiana state return, this amount will have been removed from state income.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

stbwestfall

In the state form LA Schedule E then asks me the date of retirement, but it's an inherited account. Neither the taxpayer nor spouse is retired. I'm the beneficiary.

mglauner

Yes, in Louisiana, survivor or beneficiary benefits from the Teachers' Retirement System of Louisiana (TRSL) are exempt from state income tax, but they are subject to federal income tax.

In the Federal 1099-R entry, you would still indicate the source of the retirement income as 'Louisiana State or Local Government Pension' to get the exclusion in LA. If asked how much of the distribution was RMD, indicate that the total distribution was RMD.

LA should automatically exclude the income, and you shouldn't be asked for a retirement date, if your 1099-R has a Code D in Box 7.

If you go back to the Federal 1099-R entry and change the 'Source' , your LA return will have the correct info.

@stbwestfall