MA Tax-exempt pension

Forum|Forum|4 years ago
February 9, 2022
1 reply
0 views

pensions and annuities smart worksheet

TurboTax Premier Online

Best answer by gcorbin_51

It is difficult for us to try to pinpoint the specific issues you are experiencing. You might call 1-800-446-8848 to speak to a specialist that can view your screen to identify the problems you are experiencing.

Just got off of the phone with Lisa at TurboTax who quickly resolved the issue.

Under the statement:

"Form 1: Tax-Exempt Pension should not be entered directly on Form 1 for State Electronic Filing. You should enter the information on the Federal Return, Form 1099-R and/or use the Pensions and Annuities Smart Worksheet to make any tax-exempt adjustments."

there was a box that contained a 0 amount.

Deleting 0 resolved the issue.

Thank you to everyone who tried to help resolve the issue and especially to Lisa.

gcorbin_51Author

Level 2

Trying to submit MA taxes.

I receive the item to address:

Not sure what to do.

Suggestions?

Thanks

RaifH

Level 10

When you input your pension into the federal area of the return, did you indicate that it was from a tax-exempt source for the state of Massachusetts? To do this:

Verify your 1099-R entry under Federal > Wages & Income > Retirement Plans and Social Security > IRA, 401 (k), Pension Plan Withdrawals (1099-R)
If this is a tax-exempt pension in the state of Massachusetts, it should fall under one of the categories of Qualified government retirement distributions listed on the Where is your distribution from? screen.
Continue through the remaining 1099-R screens.

If you do it this way, the system should automatically exempt it on the state return and should clear the error you are encountering. If you entered everything correctly the first time, you may want to try to delete it and re-enter the information.

gcorbin_51Author

Level 2

@gcorbin_51 In connection with completing the federal section as it relates to your 401(k) rollover to a traditional IRA, you should have seen pages similar to the ones below. (the example in these pages reflect an $8,000 rollover to a traditional IRA). Because it does not appear that you saw pages of this type, this could be the cause of the issue you are confronting. To resolve the issue, go back to the federal section and check your initial entries.