Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

This answer was rated:

I am a retired Veteran drawing a pension. I received 1099R…

I am a retired...

I am a retired Veteran drawing a pension. I received 1099R from Dept of Def. Is my retired pension from military taxable in Minnesota? I thought a new law went into affect last year making military pensions non taxable in Minnesota. I use Turbo Tax. Do I put my amount of pension received in Turbo Tax? Is there somewhere on 1099R that tells it is deferred?

Accountant's Assistant: Has anything been filed or reported?

Request assistance. Thank kyou.

Show More
Show Less
Ask Your Own Tax Question
Answered in 3 minutes by:
3/14/2018
Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 33,137
Experience: Taxes, Immigration, Labor Relations
Verified

Your pension may be fully taxable or partially taxable or not taxable depending on circumstances.

On your form 1099R - taxable portion of your pension is reported on box 2a.

On your 1040 form - you will report

from 1099R box 1 -->> 1040 line 16a

1099R box 2a -->> 1040 line 16b

.

Let me know what other items are reported on form 1099R ?

Ask Your Own Tax Question
Customer reply replied 4 months ago
I know it is taxable Federal I am looking at Ste only MINNESOTA
Customer reply replied 4 months ago
No thank you! I wlll pay the $5.00 only!

For tax years 2015 and earlier, military pensions and other military retirement pay received by Minnesota residents was taxable by Minnesota.

Beginning with tax year 2016, Minnesota will allow taxpayers to subtract certain military retirement pay (including pensions) when calculating Minnesota taxable income and Minnesota alternative minimum taxable income.

To qualify for this subtraction, the retirement pay must be taxable on the federal return, and for:

  • service in the active component of the military (U.S. Code Title 10, sections 1401 to 1414),
  • retirement pay for service in the reserve component (U.S. Code Title 10, section 12733), or
  • survivor benefit plan payments (U.S. Code Title 10, sections 1447 to 1455).

To claim the subtraction, you must file Schedule M1M, Income Additions and Subtractions.

Taxpayers who claim this subtraction may not claim the nonrefundable credit for past military service.

Let me know if that helps.

Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 33,137
Experience: Taxes, Immigration, Labor Relations
Verified
Lev and 87 other Tax Specialists are ready to help you
Ask your own question now
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a tax professionalLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Lev Your Own Question
Lev
Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 33,137
33,137 Satisfied Customers
Experience: Taxes, Immigration, Labor Relations

Lev is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,512 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

59 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

15,569 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Related Tax Questions
I was 41 youa when I was injured in the line of duty while
I was 41 youa when I was injured in the line of duty while working as Deputy Sheriff in Minnesota. I took a disability pension with 19yrs 6 months duty. The state of minn advised my pension was non ta… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,137 satisfied customers
I have a retirement income question. 5 years ago I retired
5 years ago I retired and moved to New York. I receive two retirement checks, one from the San Francisco Fire Department and one from California Public Employees Retirement system. Last year I found out that my checks were still having Calif. State income tax removed yet I was paying NY State income tax. I was being double taxed. So I had the retirement agencies stop withholding CA tax. I researched the issue and found that the 1995, Public Law 104-95 made it illegal for states to tax retirement income of individuals no longer residing in their state. Now my tax preparer says I owe tax for NY and for CA. She says it is a part of her tax program and it asks for an accounting of any "income earned as a non-resident derived from California?" When she puts our earned amount in that box she says the program says we owe CA $1,800, yet we are paying NY a similar amount. Can CA tax my retirement income even though I don't live there? … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
My husband is Army retired, 100% disabled. He received VCAP,
My husband is Army retired, 100% disabled. He received VCAP, we think is veterans disabled, and DFAS, we think is his army retirement. Are either of these taxable? A few years ago we were told it was … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Just trying to figure out if i have to file taxes for my
just trying to figure out if i have to file taxes for my mother who is 91 - in the past I filed because she owned her home and could get a CF credit but I have bought the house so that no longer appli… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
Do I have to claim my military disability money as part of
Do I have to claim my military disability money as part of my yearly income to the IRS, for PTSD disorder? I am a Vietnam veteran.… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I prepare taxes for a retired military person. He was 80%
I prepare taxes for a retired military person. He was 80% disabled prior to 1975. My understanding is that the 80% is not taxable yet his 1099R says the full amount is taxable. I have a page from an I… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,137 satisfied customers
Is the veteran administration disability payments considered
Is the veteran administration disability payments considered a taxable source of income for a 92 year veteran?… read more
Anne
Anne
Master Tax Preparer
1,328 satisfied customers
In October 2010, my former employer, Dept. of Veteran Affairs,
In October 2010, my former employer, Dept. of Veteran Affairs, Office of Personnel Management notified me that due to backlog in disability retirement pensions, they overpaid me $52,000. Since then I … read more
Dr Arthur Rubin
Dr Arthur Rubin
Doctoral Degree
24 satisfied customers
How do you claim your VA disability on your tax return. What
How do you claim your VA disability on your tax return. What form do you use. What would it be listed under. This is in conjunction with a military retirement pay. A 1099R. How do you show your VA dis… read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor\u0027s Degree
1 satisfied customers
I receive 48 percent of my ex-spouses military retirement income/pension
I receive 48 percent of my ex-spouses military retirement income/pension on a monthly basis. I also have a military ID card, and retain all the base/medical privledges I had as the spouse of a retired… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I received a letter from the IRS stating that I owe over
I received a letter from the IRS stating that I owe over $2,000 from my 2010 return. I see the question is 16a on my return, but I do not know why my pension amount is $60,000+ and my taxable is only … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
i am a divorced service member that was on active duty when
i am a divorced service member that was on active duty when i divorced in 2008. my x was awarded a portion of my retirement, but no spousal support by the judge. we were not married for 10 years my pr… read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
2,165 satisfied customers
I have competed my 2011 tax return, however I owe no taxes
I have competed my 2011 tax return, however I owe no taxes and my pension income was $38,340.00 and my SS $8592.00 and the Turbo Tax indicates I owe no taxes on this income. While last year I paid up … read more
William Ellis, CPA
William Ellis, CPA
Master's Degree
236 satisfied customers
i HAVE RECIEVED TWO 1099rS THAT PERTAIN TO THE SAME COMPANY.
i HAVE RECIEVED TWO 1099r'S THAT PERTAIN TO THE SAME COMPANY. THE COMPANY THAT PAID MY RETIREMENT TRANSFERED THE RETIRMENT PAYMENTS TO A NEW COMPANY FROM H WHOM I AM NOW RESEIVING MY PAYMENTS. THE PRO… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
60 satisfied customers
What about American taxes- do they dovetail in with the Australian
What about American taxes- do they dovetail in with the Australian tax lawsxWe are a couple (he's American, she's dual nationality- Australian/American). We want to go back to Australia. We have money… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,137 satisfied customers
My husband was shot in the line of duty as a police officer
My husband was shot in the line of duty as a police officer and retired with a medical disability due to his injuries. We've been told that $55K of his retirement pension is not taxable, but I cannot … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I received an army severance disability pay in 09 and the military
I received an army severance disability pay in 09 and the military finance people cut me a w2 without a q in block 12 for the taxes being tax free. This pay was for being injured in iraq and noted on … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I have client that retired from the military. He is receiving retireme
Hello Here is my tax question It seems that I have a little situation that I have been confronted with and I am not sure how to handle reporting retirement income from a military retiree that has also… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x