@user19592012 wrote:
Dawn,
I found the retirement benefits worksheet on my amended return, but it's not correctly showing a "B" beside of my retirement income for Bailey Settlement and Line 4 is showing $0...still don't think this is plugging into the forms correctly, even though I have gone back through the Federal section several times to make sure I correctly checked the Bailey Settlement box in the 1099-R info
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When you check the Federal interview follow-up page to make sure the Bailey Settlement button was checked.......what did you have in the "North Carolina Distribution Amount" ??
IF you left that blank, or a zero...then zero is subtracted from NC income.
You should have the value of box 2a entered in that field (or the Federally-taxable amount of box 1if box 2a is empty or "undetermined" ). That value is what ends up on line 21 of the Sch S for 2020....once the Bailey radio button has been selected (and assuming only one of your 1099-R forms qualifies for the Bailey Settlement)
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
