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Retirement tax questions
Yes, there are follow on questions after you enter the 1099R form information. One of them is "Where is the distribution from?" You should select the Baily Settlement option which will exclude the income from your NC tax return.
The Bailey settlement applies to federal or North Carolina government pensions if you earned it for at least 5 years of service before August 12, 1989.
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March 6, 2022
1:21 PM