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Level 3
posted Apr 9, 2022 9:43:58 AM

NJ State - Pension Income - Expected Return on contract

My wife started receiving a small pension from GE as she worked there for a relatively short time.  Turbo tax is asking for the "Expected Return on Contract".  I have no idea what this is and/or how to calculate.  Please see the attached.  Any insight would be greatly appreciated.

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1 Replies
Level 3
Apr 10, 2022 8:09:42 AM

Replying to my own question in case this helps someone else.   On the fed side I selected general rule which was forcing the state side to ask the question.  Once I removed the general rule selection the state side was fine, no longer asking me the question.