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Level 1
December 7, 2019
Solved

Is military retirement taxable in NC? (I'm from PA where retirement income isn't taxable) If it isn't all taxable, how do I enter in Lacerte?

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sjrcpa
sjrcpaAnswer
Level 15
December 7, 2019

Its taxable - or mostly taxable. Read the NC instructions for the Bailey subtraction. I'm not sure if there is still also a retirement subtraction.

The more I know the more I don’t know.

1 reply

sjrcpa
sjrcpaAnswer
Level 15
December 7, 2019

Its taxable - or mostly taxable. Read the NC instructions for the Bailey subtraction. I'm not sure if there is still also a retirement subtraction.

The more I know the more I don’t know.