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Tax help for military filers
I was also dealing with the error message on the Retirement Benefits Deduction Worksheet about Bailey benefits needing to stay below taxable pension:
"Retire Ben Wks: Bailey-TP. Your total Bailey retirement benefits deduction cannot exceed $109,156., the total taxable pensions on your Federal return." [The amount show as being claimed is $100,802.]
In my case, I called the Turbotax help line and the pleasant assistant did some research. She explained that I needed to uncheck the "IRA/SEP/SIMPLE" box for each 1099-R entry in Turbotax, even if that box was checked on the original 1099-R. That fixed it for me.
‎February 21, 2025
10:23 AM