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April 18, 2023
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Pension worksheet PartC

  • April 18, 2023
  • 1 reply
  • 29 views

Hi,

An error comes up that I need entries for the New Jersey Pensions worksheet, Part C Lines 1 and 2:

"Enter the cost for the annuity" and

"Cost covered in prior years".

 

Where do I ge these numbers from?

    Best answer by AmyC

    From your contribution records. If you have no record, then you have no basis and the full amount is taxable. Please see GIT-1 - Pensions and Annuities for understanding how to calculate your basis and recovery.

    1 reply

    AmyC
    AmyCAnswer
    Alumni - Intuit
    April 19, 2023

    From your contribution records. If you have no record, then you have no basis and the full amount is taxable. Please see GIT-1 - Pensions and Annuities for understanding how to calculate your basis and recovery.

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