Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Apr 6, 2025 11:20:53 AM

Is there a problem with North Carolina form D-400 for Bailey Settlement?

There is an error in the calculation of this field.

0 1 279
1 Replies
Level 15
Apr 6, 2025 4:28:35 PM

@NCSS 

None that I have seen.

 

You didn't describe what you think is wrong.

 

One mistake that people make, is that when they enter their Bailey Settlement eligible 1099-R in the Federal section, they need to make sure that the follow-up page (where they selected the Bailey Settlement), that the NC distribution amount is filled in with ether the box 2a value...or if box 2a was empty...usually the box 1 value.

That NC distribution amount entered on that page is the $$ amount that is subtracted form NC income once the Bailey Settlement button is selected.

___________________________________