Nontaxable pension tax bracket

Philip107 Member ✭✭✭✭
I'm using the Tax Planner so setting the correct tax brackets on transactions is important to me.
My employer pension payments have a taxable, nontaxable, state and federal tax amounts. For the nontaxable category I've created what tax line item should I use? There isn't one that specifically states for nontaxable so the only one that might be used is 1099-R:Total pension gross distrib. I'm not sure because if I use that item it wouldn't represent the full gross amount only the nontaxable portion.

I guess the other option is to not assign a tax bracket to the category.

----Quicken User since 1998 ----


  • NotACPA
    NotACPA SuperUser ✭✭✭✭✭
    If there's no tax line assigned to a category ... it's non-taxable.

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

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