Started receiving a CalSTRS pension. Live in Utah.
Box 1 Gross Distribution has an amount
Box 2a Taxable Amount has the same amount
Box 4 Federal Income Tax Withheld has an amount
Box 7 Distribution Code has 7
Box 14 State Income Tax Withheld has $0.00
Box 15 State/Payer's State No. has CA 803-2926-1
There is no Box 16 State Distribution
How do I process this in TT for Federal and Utah state taxes?
I know TT requires a state number. Do I put UT in for the state and some number for the State Payer's No, so that TT will process it for UT?
Thank you.
Yes, the CalSTRS is taxable only in the state of Utah since that is that state in which you reside. You can remove the state ID number in Box 15 and the 0.00 in Box 16 and leave that entire section blank since you have no tax obligation to the state of California unless you were a part-year resident of CA in 2022.
Thank you DaveF1006 for the good info. Does TT know to apply this to Utah taxes if UT is not listed and Box 16 is filled out with the total? And TT does not let you list a state without a state number. There is no state number for CalSTRS for Utah. Thank you again.
And I have been exclusively a Utah resident for many years.
Yes, this will properly flow through the TurboTax program to your Utah return as retirement income.
The box 15 state ID is only necessary if state tax were withheld (box 14).
Retirement income, such as pension income and income from retirement accounts, are subject to Utah's state flat income tax of 4.95%.
As long as you enter your Form 1099-R correctly and answer the follow-up prompts it will be properly reported on your Utah state return.
To view your State Return in TurboTax:
Click here for a TurboTax Help link to watch a video to help walk you through the steps.
Click here to contact Turbo Tax for assistance.