Deductions & credits

Go back and edit the 1099-R form in the Federal section.

 After you enter your 1099-R form, and "Continue" thru the pages that follow it...until you find the selections for:

1) "Bailey settlement...."....................<<<<you are selecting this one

2) "Faulkenbury settlement...."

3) "Railroad Ret-SS.........."

4) "None of the above"

You need to select the "Bailey Settlement..."

 

Your NC Distribution amount is the same a box 2a of the 1099-R form (or the calculated federally-taxable amount for box 2a, if 2a is empty)....... that same $$ will be removed in the NC section depending on what selection you made above.

(Picture Below)

 

1099R_NorCar_2014.png

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*