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Retirement tax questions
Once you figure out the taxable amount for federal you can calculate the state amounts (if necessary), depending on which state you live in. The information provided by our awesome Tax Expert @MinhT1 shows the state information.
If your are unsure about the amount for each state, you can do the following:
- If the income was received evenly throughout the year, or period of time during the part of the year you received it, you can divide the total by the number of months you received it, then multiply it by the number of months you lived in each state.
When you enter the Form 1099-R, you should use two state lines and enter the taxable amount for each state and the correct withholdings as printed om the 1099-R.
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‎February 23, 2022
1:00 PM