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New Member
posted Feb 1, 2023 12:15:28 PM

How do I claim Bailey Retirement Deduction on NC state form? There's a block to "revisit" but program just loops back to the initial screen that states "revisit."

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1 Replies
Expert Alumni
Feb 1, 2023 1:00:57 PM

The Bailey Settlement information is all in the Federal Interview when entering 1099-R information.      

 

1.  Click on Federal in the left hand menu

2.  Click"Income & Expenses" at the top of the page

3.  Scroll down the to the "IRA, 401K, pensions" section

4.  Click on Edit/Add

5.  Find the applicable 1099-R and Edit

6.  Be sure "NC" is in the "state ID box"

7.  Be sure to click the box for Bailey Settlement when asked and complete the information