I have a gain from liquidation of a limited partnership in Georgia. I am a resident of another state and was a passive investor in the partnership. Georgia Form 500, Schedule 3 requires allocation of income items between GA and non-GA sources. That includes pension benefits which, in my case, come from past employment not in GA. TurboTax is applying the Retirement Income Exclusion as fully applicable to my GA income even though Schedule 3 seems to require allocation of all income between GA and non-GA sources. Assigning it all to GA certainly gives a favorable result, but is that really in compliance with GA tax code?
