250930
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

elizmoses
New Member

I receive a pension from the state of south carolina and a pension from my previous company that i worked at many years ago. how do I file these on my return?

how do i file my 1099-r if i have two from different employers and one of them is not in south carolina? 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

4 Replies
TomD8
Level 15

I receive a pension from the state of south carolina and a pension from my previous company that i worked at many years ago. how do I file these on my return?

Pension income is taxable by your state of residence at the time you receive it.  It doesn't matter where you earned it.  If you're an SC resident now, it's all taxable by SC.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

I receive a pension from the state of south carolina and a pension from my previous company that i worked at many years ago. how do I file these on my return?

Enter each 1099R separately.  The easiest way to get to the 1099-R entry screen is to simply search for 1099-R (upper- or lower-case, with or without the dash) in your TurboTax program and then click the "Jump to" link in the search results.

Enter a 1099R under
Federal Taxes on the left side
Wages & Income at the top

Then scroll way down to Retirement Plans and Social Security,
Then IRA, 401(k), Pension Plans (1099R) - click Start or Revisit

If you are filing a Joint return be sure to pick which person it is for.

Anonymous
Not applicable

I receive a pension from the state of south carolina and a pension from my previous company that i worked at many years ago. how do I file these on my return?

certain states like Illinois don't tax retirement benefits and TT automatically deducts them on state return.  

TomD8
Level 15

I receive a pension from the state of south carolina and a pension from my previous company that i worked at many years ago. how do I file these on my return?

SC taxes retirement income but allows a $15,000 exemption if you're 65 or older.  SC does not tax Social Security benefits.
**Answers are correct to the best of my ability but do not constitute tax or legal advice.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question