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TurboTax will allow you to enter multiple pensions (Form 1099-Rs). After you finish entering your pension, TurboTax will bring you back to Your 1099-R Entries. Click Add Another 1099-R.
I did that 10 times and each time it deleted the amount of the1st one entered. It is not as easy as stated . I finally went back to start over completely before it allowed me to do what was proposed. Each year I have trouble entering the 2 separate state retirements. TURBO has not enhanced the situation. I retired in 2002 and have been using TURBO since then. Hopefully TURBO will change and improve the situation.
@KBU5 I believe your question is related to the State Pension Exclusion provision (Schedule P). It is admittedly a convoluted interview, but that's how Kentucky wants it designed. And to apply the proper percentage, you need to treat the 2 pensions as if they are one. If the two pensions each have a separate percentage, then you need to figure out a "weighted percentage" to cover the two. Remember, too, that if the total of the two pensions is less than $31,100, the question is moot as the entire amount will automatically be exempted. The same is also true if the pensions are 1 for you and 1 for your spouse. As long as each are less than $31,100, the total amount will be exempted. Feel free to clarify any additional information we might need to assist you with the interview.
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