mj306
New Member

Retirement tax questions

Update. Resolved. I reviewed the 1099-R input pages and discovered I had incorrectly clicked “yes” for taking the 65 special credit. Apparently, Arkansas allows either the 65 Special Exemption Credit or excluding the first $6,000 of retirement income from Arkansas tax but not both. I changed it to “no” and the form now shows the correct amount in Box 18 and the refund amount increased.