
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.
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.

0
Answers
-
If there's no tax line assigned to a category ... it's non-taxable.
Q user since DOS version 5
Now running Quicken Windows Subscription, Home & Business
Retired "Certified Information Systems Auditor" & Bank Audit VP0
This discussion has been closed.