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Get your taxes done using TurboTax
I'm trying to enter in a 1099-R for retirement from NYS as a former law enforcement officer. As I've read before, the boxes on the doc sent by NYS don't align with those in TurboTax. Our box 14 says EXEMPT, 15 has the state payer's number and box 16 has NY. TurboTax doesn't allow for Exempt to be typed anywhere and no matter what we try, our NYS return is still taxing the pension amount (which it shouldn't).
Box 16 in TT has the taxable amount which if I take out, automatically fills. If I enter in the same amount in box 14 labeled State Tax Withheld, my NY refund jumps to almost that number, which is definitely not correct.
Any suggestions as to how to input the information to generate the correct tax owed/due? TIA!
‎April 5, 2021
11:40 AM