BillM223
Expert Alumni

Retirement tax questions

This is what my test when I enter a 1099-R with Teacher Retirement on it.

 

In the Alabama interview, I see...

 

When I click on Yes on the previous screen, I see this...

As you see, I choose the AL Teacher's Retirement System...

 

Note the red arrow's on the next screen...I am not sure, but it's possible that the warning in red is telling you that if you make any changes on the federal return on the 1099-R, that it undoes what you checked off here in Alabama.

And, as you see, the pension is now zero for Alabama.

 

 

This last screen is a shot of the important part of Alabama Form 40, showing that while other income items from the federal return populated the AL return, the $50,000 in Teacher's Retirement did not.

 

I show you this, so that you can tell me at what point your process broke down. I need to know specifically how far you got and what "no it doesn't" means.

 

And thank you for saying that you like the transfer of information feature - too often all we hear is what taxpayers don't like.

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