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According to Renee, one of Turbo Tax experts, You will exclude the income by performing the following steps.
On the Federal Income Tax portion:
After trying the steps listed and even deleting the already entered 1099R information for my Louisiana state retirement I was never asked the question "Where Is This Distribution From". TurboTax needs to address this issue. I have used TurboTax for many years. This is my third year reporting a 1099R. I live in Mississippi
and have retirement from the state of Louisiana. I have reviewed the Mississippi income tax instructions for 2020 and I should not be paying income tax on my pension income. Please help by fixing this issue!
If your 1099-R is code 2 where you retired younger than retirement age based on years of service, you have different steps to follow. Even if this is not the case for you, you can adjust the entry to match your situation. You may be able to skip federal and go to the MS instructions.
Tell the federal it is a regular pension:
When you went through the federal entry screen of the 1099-R, it asked questions and commented that with code 2 there was no extra penalty. It asked if you were a safety officer, what did you do with the money - cashed it, any periodic payments, yes- regular payments from this retirement account, payment start year, 2020 or before selection, describe the taxable amount, yes, box 2a is taxable amount.
Tell the state it meets the service requirements:
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