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yogster93
New Member

Entering all info as presented on 1099-R. Income should be EXEMPT per NYS Retirement plan, yet return is showing $1,124 due ... ???

1099-R form
box 12 - EXEMPT
box 13 - 69-0210001
box 14 - NY
How do I enter this in Turbo Tax? Wont let me type EXEMPT
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1 Reply

Entering all info as presented on 1099-R. Income should be EXEMPT per NYS Retirement plan, yet return is showing $1,124 due ... ???

If no dollar amount in box 12 then  ALL boxes 12-14 MUST be left blank.   (Some payers automatically fill in box 13 & 14 even when not required and they should be blank.   They also violate the 1099-R rules by entering anything in box 12 other that a positive dollar amount greater than 0.)

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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