1318270
Starting in 2019, Connecticut allows a 14% subtraction of pension and annuity income. I don't see this in the CT return in TurboTax. The pension deduction shown is the 25% teacher's pension subtraction. How can I enter this??
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In the federal tax section of TurboTax, after you enter the 1099-R, you can Select your State- by indicating Connecticut here, it will calculate the correct subtraction.
I never saw the screen asking which state the 1099-R retirement income was from. I just reviewed TurboTax Federal steps and I still do not see it. I also do not see where the deduction was applied to my CT State Tax return. Please tell me the steps to find the screen so I can be sure TurboTax figured the pension subtraction.
I found the entry carried over to CT State under "CT-1040 p3,4" near the bottom of page 3, "Pension subtraction smart worksheet".
Thank you, I am all set now.
For 2020 the amount of the reduction to pension income is 28%. I cannot find the place on the 2020 return to select the state, so Turbo Tax didn't give me the deduction. Were is the place to indicate the state?
@john11840 TurboTax now does this calculation automatically. You do not have to to anything.
The 28% pension subtraction will appear on CT-1040 line 48b.
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