Bailey v.settlement

[Oxen]

How do I fill for this benefit that applies to me.

[CatinaT1]

When you are entering your 1099-R, there will be a question that says Where Is This Distribution From?.

There is a checkbox on this screen that says Bailey settlement retirement benefits.  Make sure you check that box.

[SteamTrain]

(NC Residents only)

You enter all your 1099-R data as usual in the software.

Then as you step thru the  followup pages, you'll come to one where you select the "Bailey Settlement" as the source of those $$. Picture below. but read all the notes I've added. 

(Make sure you really are qualified to use it for your Pension $$.  Maybe not yourself, but some people are mis-informed about being qualified.. Only those with Military, US Govt pensions, and NC-State Govt/Public-sourced pensions that were in their pension system at least 5 years before 12 Aug of 1989) 

https://www.ncdor.gov/taxes-forms/individual-income-tax/bailey-decision-concerning-federal-state-and...

_________________________________

_________________________________