1099R

[rk38]

This is for a inherited NY state retirement system fund which I have a 1099R for.

Under box 14 is "Exempt"

box 15 is NY

box 16 is a state number

box 17 is state distribution.

I live in WI.

Do  I enter all of this information?  I don't see any way to enter "exempt" in turbotax.  Is there a way to do this?

[CesarJ]

Yes, you should enter the information from your 1099-R as it appears on the form, TurboTax doesn't have a place to enter the word "Exempt."

If Box 14 says "Exempt," enter $0 for state tax withheld.

Enter NY in Box 15,  the state ID in Box 16, and the state distribution amount in Box 17.

Since you live in Wisconsin, TurboTax will help you apply for the correct state tax treatment during the state interview. 

[rk38]

Looking at the form again, there is no dollar figure in box 16 for state distribution, only the letters for New York State NY.  Do I put $0 in for box 16 in addition to the $0 in box 14?

[AnnetteB6]

Yes, if box 17 for state distribution is blank on your Form 1099-R, you can enter a zero in that box.  

However, if this generates an error message in TurboTax, just leave all the boxes 14 through 17 blank with no entries at all.  This will prevent error messages.  In general, the program uses the information reported from boxes 1 through 13 to determine the tax treatment of your distribution.

@rk38