AmyC
Expert Alumni

State tax filing

 Since I don't know what percentage the beneficiary is, I used 50% for my playing around. Since I was using 50%, that meant that I had to double the amount on total amount of decedent pension. 

 

You had 100% went to one person which allowed the excess exclusion.

 

 

I changed it to 50% and got half the exclusion

 

Here is what you need to do:

  1. Return to your state and go to the Retirement Distributions Summary.
  2. Select Edit
  3. Beneficiary? Select Yes
  4. Decedents date of birth, enter
  5. Total amount of decedent pension -if you are 50% beneficiary, double the amount you received. Enter whatever number works with your beneficiary percentage. Example: If you received $8,000 and there are 4 other beneficiaries, you received 20% of the total. The total to enter here would be $8,000 x 5 = $40,000.
  6. Exclusions claimed on decedent return - enter zero
  7. Your Percentage Share of Total Distribution - enter the percentage that is correct for your share of the inheritance. For example, above as one of 5 beneficiaries, enter 20% here.

@mnkms 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"