Solved: My wife in in the Kentucky Teachers' Retirement System. Only 34.11% of her 1099-R income is State Taxable. How do I enter that into turbotax?
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My wife in in the Kentucky Teachers' Retirement System. Only 34.11% of her 1099-R income is State Taxable. How do I enter that into turbotax?

 
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My wife in in the Kentucky Teachers' Retirement System. Only 34.11% of her 1099-R income is State Taxable. How do I enter that into turbotax?

Just enter the amounts show on  your wife's 1099-R into TurboTax.  Be sure to indicate KY in the state box (box 13).

TurboTax will do the rest -- calculating the pension exclusion on KY Schedule M and flowing it to Form 740.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Level 14

My wife in in the Kentucky Teachers' Retirement System. Only 34.11% of her 1099-R income is State Taxable. How do I enter that into turbotax?

Just enter the amounts show on  your wife's 1099-R into TurboTax.  Be sure to indicate KY in the state box (box 13).

TurboTax will do the rest -- calculating the pension exclusion on KY Schedule M and flowing it to Form 740.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

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