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J
j3fs
Level 2
March 25, 2021
Solved

Client retired from CA in 2018. They are a current resident of MS. MS doesn't tax retirement. 1099-R has code 2. Is this considered to be taxable income?

  • March 25, 2021
  • 2 replies
  • 19 views
I checked "Yes" on Form 80-107 to not include as income but it is still being taxed. How do I override?
This topic has been closed for replies.
Best answer by Just-Lisa-Now-

Code 2 is an early withdrawal.
MS taxes early withdrawals.

They may want to contact the issuer for a corrected copy if its not really an early withdrawal.

2 replies

Just-Lisa-Now-
Just-Lisa-Now-Intuit Community ChampionAnswer
Intuit Community Champion
March 25, 2021

Code 2 is an early withdrawal.
MS taxes early withdrawals.

They may want to contact the issuer for a corrected copy if its not really an early withdrawal.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
    J
    j3fsAuthor
    Level 2
    March 25, 2021

    Thank you for the quick response Lisa.  Greatly appreciate it.  I'm in agreement. 

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