Retirement tax questions

When you enter your 1099 for your Kentucky pension in TurboTax make sure you select "U.S. Government" or if it is a state government pension, select the appropriate state retirement program, on the follow-up screen that says "Where Is This Distribution From?"

Also make sure your numbers were entered correctly when you entered your Form 1099-R (or equivalent form).

Schedule P is used for Kentucky state tax returns to determine the amount of your exempt pension. There are some limitations of your exemption if your benefits started after December 31, 1997. This flows to your Kentucky Schedule M as a subtraction and then Schedule M flows to line 8.

Click here for Schedule P Kentucky.

Click here for Schedule M.