Retirement tax questions

@calderad07 

This answer is for NC residents only.

 

As long as you did not indicate it was eligible for the Bailey Settlement when you entered the 1099-R in the Federal section.....(would have to have had 5 yrs of service before 12 Aug of 1989 to do that)..

 

Then, the entire Federally-taxable amount of a US Military retirement DFAS 1099-R is eligible for the US Uniformed services retirement benefit deduction. That appears to be your $25,126.32.

___________________

IF you did indicate it was eligible for the Bailey Settlement when you entered the 1099-R in the Federal section, then none of it is eligible for the US Uniformed Services deduction.  One, or the Other...not both.

 

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*