Worked OK for me the whole $8,800 for a 24,000 military 1099-R...but...
Read the examples, in column 1, on page 5 of:
https://dor.sc.gov/forms-site/Forms/IITPacket_2017.pdf_________________
1) Your military retirement deduction may be limited to $3000, if you are under age 65, and you have no other earned income (wages or self-employment). Of course, if you are waiting for a W-2 form, and just haven't entered it yet, then that number will change as you complete the federal section.
2) OR , if #1 doesn't seem to fit yet...maybe you didn't tag that 1099-R as a military retirement yet. Edit that 1099-R form in the Federal interview and step thru the followup questions again. The
"Where is This Distribution From?" page has to be marked as "
Military Retirement Distribution" and the two boxes below it filled in with the box 1 and 2a $$ amounts (likely the full amount). Then the next page....it is from a "
NON-Qualified Plan"..................then continue to the main page and go to the SC section and work thru the Income section again...revisit the
"Retirement Income Deduction" again...if necessary.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
