[Windows TT Deluxe]
I have a 1099-R from well-known investment firm for an IRA (rollover in 2023, no contributions, have taken some interest only). Federal tax was withheld, but no state tax. I live in Illinois.
On my 1099-R:
• Box 16 (State Distribution) has an amount. (Same amount as in boxes 1 and 2a).
• Boxes 14 (State Tax Withheld), 15 (State ID & Payer’s State No.) are all empty.
• The payer’s address is in Texas.
In TurboTax’s step-by-step entry for the 1099-R:
• If I enter only Box 16 per the form and leave Box 15 blank, TurboTax sets the State ID to “IL” after leaving and returning to the page.
• If I enter “TX” for State ID, the next time I visit the page, TurboTax shows "TX" in the first state line and "IL" in the second state line, but nothing else for the second state’s fields.
How to handle/what to put the State ID field? It this where I live or where payer is located?
Last year, I probably left the State ID blank and didn’t notice it must have defaulted to IL as that's what's there when viewing it w/ TT 2023.
[Windows TT Deluxe]
