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Retirement tax questions
Go to the 1099R summary screen in your federal return and delete the 1099R entry for the 1099R. After doing this:
- In the summary screen, select add 1099 R
- Enter the 1099 R. make sure the box that indicate this is a IRA is unchecked.
- Say the Box is blank for the IRA
- Say no to this being a Public Service officer.
- The next screen should say "select your State" Here you will select Maryland. See first screenshot
- Next asks where is this distribution from. Indicate it is active or reserve military retirement and distribution amount. That screen is posted in my previous post.
- Then finish out the section.
Once done, the military retirement amount is excluded from your Maryland taxable income. If you have Turbo Tax premier, you should be able to verify this in the pension worksheet. Go to the forms mode in your return and look for pension worksheet and it should be listed in Line 1D. Here is how the screen in Line 5 above should appear to you.
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‎February 19, 2025
2:01 PM