DaveF1006
Expert Alumni

Retirement tax questions

It is reported in the following manner.
 

1.  Federal 

2.  Wages and income

3   Retirement Plans and Social Security

3.  IRA, 401K, pensions" section

4.  Click on Edit/Add

5.  Enter your 1099R

6.  Be sure "NC" is in the "state ID box as well as a state

7.  Answer the next question stating this isn't an IRA 

8. The next screen is where you would enter that this is a Bailey Settlement. See screenshot.

 

The information entered in the federal return will automatically populate to your North Carolina State return.

 

 


 

 

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