DE has begun allowing $12500 pension exclusion for under age 60 recipients. Has anyone figured out how to get the system to automatically deduct $12500 for under 60? I know there must be a magic button but I cannot find it.
Happy Tax Season 😁
Don't know about DE, but most states you will probably have to make a manual entry, as ProSeries doesn't usually do things like that automatic
In Arizona, there is a place on the 1099-R input page to indicate with a one-letter code whether the pension is paid by state or local government; federal government; or military. If they haven't added that to the Delaware page, they should.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.