You report both, but there is a good chance that most if not all of the retirement income will be excluded. Please see the following excerpt from the Georgia 511 Tax Form Instruction booklet, on page 14, (available for download by clicking on the following link: 2017 IT-511 Individual Income Tax Booklet )
The following adjustments may be SUBTRACTED:
1. Retirement income. For tax year 2017, the maximum retirement income exclusion is $35,000 for taxpayers who are:
(A) 62 - 64 years of age, or
(B) less than 62 and permanently disabled to such an extent that they are unable to perform any type of gainful employment.
The retirement exclusion is $65,000 if the taxpayer is 65 or older.
The exclusion is available for the taxpayer and his/her spouse; however, each must qualify on a separate basis. If both spouses qualify, each spouse may claim the amounts above. Income from property that is jointly owned should be allocated to each taxpayer at 50% of the total value. Up to $4,000 of the maximum allowable exclusion may be earned income. Use the worksheet on page 19 to calculate the exclusion and complete Form 500, Schedule 1, Page 2.
Enter your Forms 1099-R. After a couple of screens that you answer the appropriate questions, you will be able to select your state in the checkbox associated with the screenshot below. You will check Georgia (Although Oregon is checked in the screenshot, you will see that you can and should check Georgia). This will trigger the questions you will need to answer in the Georgia return. The correct amount of pension income will be excluded based on your situation. Please note this screenshot:
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