Missouri nontaxable retirement income for public school teachers

Forum|Forum|6 years ago
June 1, 2019
1 reply
0 views

turbo is not showing a deduction from income

TurboTax Premier Online

AnnS7

Employee

For the Missouri public pension exclusion, which include Public Teacher's Retirement, you will answer questions in the Federal portion of your return which will carry over to the MO state return.

Please follow these steps:

Once in your return, click on Federal Taxes tab and choose Wages & Incomes
Click on Edit next to IRA, 401(k), Pension Plan Withdrawals (1099-R)
Click Edit next to your pension
Continue through to Where Is This Distribution From? screen, choose Public Pension, and make sure amount in Missouri Distribution amount matches the taxable amount of your pension (1099-R box 2a). (see screen shot)

Note: Make certain to work through all the screens after the 1099-R entry screen.

jlstirm

I did everything you indicated and still not reduction of income for teacher pensions

SteamTrain

Employee

@jlstirm

make sure the MO state distribution amount is entered as what's in box 2a of your 1099-R form (as long as box 2a has a non-zero value in it)....otherwise the Federally-taxable amount from box 1 would be used.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*