@Cruzesa wrote:
Thank you. TT did not ask me if I was a CA teacher (I was not - not a teacher anywhere), so why is it making this calculation? I assume I should make sure this calculation is removed.
You are looking at the Simplified method worksheet in the forms mode that should not be used to enter date. I suggest entering it in the 1099-R interview and answer the questions for a pension. This is probably a CSA 1099-R so be sure to choose the CSA type.
For an explanation of the simplified method as it applies to U.S. Civil Service Retirement Benefits see IRS Pub 721 page 6. and the worksheet page 8. The "age factor" comes from Tables 1 & 2 on page 8. For example, if your age is 62, the "age factor" would be either 240 of 260 depending on the annuity start date.
https://www.irs.gov/pub/irs-pdf/p721.pdf
You really should just use the interview mode and let TurboTax figure this out. If you are not an expert and know the answer to these questions you should not use the forms mode for data entry. You are on your own in the forms mode.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
