1099-R and the Georgia retirement exclusion deduction

I had a direct rollover from a 401k to a traditional IRA in 2024. I input the 1099-R info into the federal portion of turbo tax. When I arrived at the state return, turbo tax calculated a retirement exclusion deduction for me.

I have Not taken any retirement income. Only directly rolled it over-again from a 401k to a traditional IRA.

I do not believe I should be getting a retirement exclusion deduction, correct???

How do I fix this error in turbo tax??

ps..I'm using the online version of turbo tax

posted

If over 55 you have a cap of 24K when combined with other retirement income. You effective lose the military retirement deduction if you have other retirement such as Social Security. Colorado is tricky. I had to go to a REAL tax advisor to get this.,

in Retirement tax questions

Expert does your taxes

Do it yourself

Resources

Support

1099-R and the Georgia retirement exclusion deduction

Get more help

Do you have a TurboTax Online account?

1099-R and the Georgia retirement exclusion deduction

Do you have an Intuit account?

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert