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1st year on ProConnect Hawaii preparer have a client that rolled over ER provided pension to an IRA. How can i make it not taxable to Hawaii. Tried the state taxable and distribution override boxes on the 1099R input detail screen but ProConnect keeping it taxable.
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Hi @JDinHawaii, on the 1099-R pension screen what code do you have for the pension entered? Is it set as a rollover?
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The rollover was like 10years ago when they retired. It seem like because the ira box is checked the system will not treat it as a pension. Which is just wrong. CCH had a code field to exempt ira when applicable.
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Hi @JDinHawaii, on the 1099R entry scren scroll down to the State and Local section. There is a section in there labeled as "Taxable Amounts". In the State taxable amount, if different enter "-1" and select "HI" for the state to indicate it is not taxable for Hawaii. If that does not solve the issue, please contact ProConnect Support so that we can see the actual return.
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Thanks got to remember -1 is zero in proconnect.
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You're welcome. And Aloha from one Hawaii preparer to another!