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Level 2

Question

1099R

Forum|Forum|3 years ago
March 3, 2023
1 reply
3 views

Line 7 on my 1099r has a#2 distribution code and this is causing me to owe $1000 in State taxes. This is my pension and I'm not suppose to have to pay state tax on it and never have in the past. I've also always had a code 2 for this box. Why would I owe this year???

Pension Plan

Level 15

Could you please clarify what state you are referring to?

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dearnest1Author

Level 2

Mississippi

Level 15

Yes, this income is excluded but you do need to exclude this in your Mississippi state tax return. To exclude:

Go to your state taxes tab>select the edit button next to Mississippi
Scroll to a screen called Enter Any Other Income and Losses
Enter the amount of the pension distribution as a negative number
Enter the description of "MS pension adjustment"

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