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Pension worksheet PartC

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?

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1 Best answer

Accepted Solutions
AmyC
Expert Alumni

Pension worksheet PartC

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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1 Reply
AmyC
Expert Alumni

Pension worksheet PartC

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"

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