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- SC retirement income exclusion - warning
SC retirement income exclusion - warning
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FrankK
Level 4
Wednesday
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Good morning everyone,
I just noticed a behavior that could lead to an error on a SC return. Taxpayer has military retirement income greater than $10K and is age-eligible for the retirement deduction. In ProSeries, SC form 1040 allows you to enter $10,000 on line P-1, and it allows you to enter the military retirement income to be excluded on line P-4. In my example, the military retirement is greater than $10K, and ProSeries let me enter this amount on P-4. This was not flagged as a warning or error. But if you use the retirement income worksheet in ProSeries, it correctly determines that the taxpayer is not eligible for both the $10,000 retirement deduction AND the military retirement pay exclusion. The moral of this story is "use the worksheet."
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