Answered: Re: NJ pension exclusion

minnow150 · ‎03-17-2021

How do I show Federal taxable income as per the 1099-R, yet show NJ pension income as $0 (due to the 3 year rule?)

IntuitTylor · ‎03-17-2021

On screen 1 check the box for mult-state return. Then go to enter the pension and enter the amount to US and code the amount with a S in the source column in both the gross distribution and the taxable amount. The pension income will only flow to the 1040. The NJ return will not show anything.

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IntuitTylor · ‎03-17-2021

On screen 1 check the box for mult-state return. Then go to enter the pension and enter the amount to US and code the amount with a S in the source column in both the gross distribution and the taxable amount. The pension income will only flow to the 1040. The NJ return will not show anything.

NJ pension exclusion

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