BillM223
Employee Tax Expert

Get your taxes done using TurboTax

Was this income on a 1099-R or on a W-2? (it should be a 1099-R but some plans pay on a W-2 so TurboTax has a different arrangement for this)

 

If on a 1099-R, what did you enter in box 14 for North Carolina? On the screens shortly afterwards, on the screen where you checked "Bailey settlement retirement benefits", what did you enter for North Carolina Distribution Amount and North Carolina Withholding?

 

I ask this because subtractions are not normally reported as negative numbers (-$92,525 ), and I am concerned that TurboTax got confused, subtracted the absolute value of the subtraction (to get $5,168) then multiplied it by -1 to get the -$5,168.

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