box 14

[kdnance]

When entering teacher retirement, I click other BUT..... there is not place to put teacher retirement.  I am charged unless I put teacher retirement which should not be taxed.   Help... How do I fix this so I am not charged taxes?

[JamesG1]

What is the nature of the teacher retirement that you are reporting?

Did you receive an IRS form 1099-R that reported a pension distribution?  Or something else?

Do you expect your teacher retirement to not be taxed by the IRS?  Or not taxed by a state?  Or both?  Which state?  Please clarify.

In TurboTax Online, report an IRS form 1099-R as follows:

1. Down the left side of the screen, click on Federal.
2. Down the left side of the screen, click on Wages & income.
3. Click the down arrow to the right of Retirement Plans Social Security.
4. Click to the right of IRA 401K Pension Plan Withdrawals.
5. Select Add another 1099-R.
6. At the screen Let's import your tax info, select Change how I enter the form.
7. At the screen How would you like to upload your 1099-R, select Type it in myself.
8. At the screen Who gave you a 1099-R, select the correct distribution.  Select Continue.
9. Continue through the entry screens.

[kdnance]

I am just contributing to my teacher retirement fund for Arkansas.  I will pay taxes on it when I withdraw it.  When putting it on Turbo tax, I should Not be taxed on this amount.  How do I keep from paying taxes now on my contributions?

[DaveF1006]

To clarify, are you entering this on your own? This is typically reported on a W2 either in Box 12 or 14 and is not taxable. Please tell us how you are reporting this?

@kdnance 

[kdnance]

I am entering it in box 14 as other Non classified.  If I enter the amount on box 14, do I pay taxes on the amount entered?

[DaveF1006]

No. You won't be taxed on any amount listed in box 14.