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JCBarr23
New Member

Bailey settlement throwing incorrect error

Blocked numbers for privacy, but they are the same number.  Why isn't TurboTax Home and Business Desktop allowing me to efile this?

Screenshot 2024-04-13 204510.png
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1 Reply

Bailey settlement throwing incorrect error

1) If your 1099-R, that is eligible for the Bailey Settlement deduction, if it has a non-zero $$ number in box 2a, make sure that the amount you are claiming is not greater than that 2a value.  Also see picture below.

 

2) IF it is a military pension, make sure you are not claiming it for BOTH, the Bailey settlement, AND Uniformed Services Retirment in the NC Q&A.  Once you select the Bailey Settlement on the follow-up page when entered in the Federal section, then that's your claim.  Then later during the NC Q&A it ask you to enter some $$ for a Uniformed Services Retirment....you DO NOT enter it there again...that's double-claiming it.   One or the other, not both.

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1099R_NorCar_2021_DesktopBailey.png

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
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