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Incorrect assignment of 1099R retirement
Turbo Tax took the info I downloaded from my Massachusetts Teachers Retirement Pension 1099R and put it into line 4b as an IRA distribution, instead of on line 5b as a pension which it has done for the past 10 years. It doesn't changes the Federal taxes I have to pay, BUT it dramatically changes the refund I'm SUPPOSED to get from Massachusetts. Massachusetts does NOT tax Teacher's retirement pensions, but because Turbo Tax puts in on Federal as a IRA it IS being taxed on my state return! A previous suggestion was, "Did you accidentally check the 'This is an IRA' box" I have gone back over the return several times but don't see ANY such box. How can the pension monies be taken OUT of 4b and correctly moved to 5b?
‎February 27, 2022
9:13 AM