- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
As you note: "If you were at least age 60 on December 31, 2018, you can exclude the lesser of $12,500 or the total of the following:
- The amount of your pension (retirement)
- Your Eligible retirement income"
When you went through the Delaware state interview in TurboTax, what did you see when you came to the screen with the heading of "Pension and Retirement Exclusion"? Was $12,500 already there? Did you make another entry?
Also, were the pension distributions on your 1099-R all taxable? The exclusion only applies to taxable pension distributions?
We cannot see your4 return, but please look at the instructions for line 35 of the Delaware Instructions on page 10 at https://revenuefiles.delaware.gov/docs/TY11_booklet_res.pdf, to see if you can see any reason why the deductions might not have been fully used.