Skip to main content
Level 1
April 18, 2023
Solved

Pension worksheet PartC

  • April 18, 2023
  • 1 reply
  • 0 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
    Level 15
    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.

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