Fed Return: Turbo Tax says to leave box 16 blank if the 1099-R says exempt in box 16. However box 16 on 1099-R says NY. 1099-R box 14 says exempt. Both box 14 and 16 on Turbo Tax say to enter a number if anything is entered. I can leave box 14 blank but if I leave both boxes blank the amount from box 2a fills in box 16.
State Return: Bottom line is Turbo Tax is calculating an amount owed to New York State, a sizable one, and I am a retired New York State employee and am supposed to be exempt from paying New York State taxes on both pension and social security.
So whatever is being carried over to the state return is incorrect and causing an amount owed to New York State. How can I correct this ?
