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Retirement tax questions
I'm getting both the $20,000 exclusion while it also subtracts the amount of my NYS pension, resulting in a negative number. While I'm not sure if that's correct, the problem I have is that TurboTax is saying I have an incorrect amount for my government exclusion. That amount, however, is put into the worksheet automatically based on what I put in my 1099-R, which is correct. I did see a note in the help system saying there was a problem with this calculation and that it would be fixed today. As of 1:45pm today it's still not fixed. Any update on a resolution for this?
‎February 19, 2021
10:43 AM