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: 32,708
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 1 month ago
I know it is taxable Federal I am looking at Ste only MINNESOTA
Customer reply replied 1 month 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: 32,708
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?
Ask Lev Your Own Question
Lev
Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 32,708
32,708 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

4,451 satisfied customers

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

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

56 satisfied customers

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

Robin D.

Robin D.

Senior Tax Advisor 4

15,124 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
If my taxable income for 2018 will be approx. $38,000, what
If my taxable income for 2018 will be approx. $38,000, what is my tax liability filing single. ( was widowed in late 2016. When I filed for 2017, my CPA had neglected to tell me there were different t… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,124 satisfied customers
I have filed my 2017 return through turbo-tax which was
I have filed my 2017 return through turbo-tax which was accepted by the IRS. I underestimated my health care supplement by $7,000. I paid that in my return & if I opened an IRA for $5,000.00 how would… read more
Lev
Lev
Tax Advisor
32,708 satisfied customers
Filed with turbo tax and my forms were rejected because I
Filed with turbo tax and my forms were rejected because I did not have my AGI from lastt year. Received the info from my retired accountant fixed my file and now it states I have to mail my forms. Do not own a computer and did taxes on a tablet. … read more
Bryan Mullis
Bryan Mullis
Managing Partner
Masters of Accountancy
19 satisfied customers
VA income tax return form 760, Line 16, “ Taxable Income -
VA income tax return form 760, Line 16 , “Virginia Taxable Income - Subtract Line 15 from Line 9” what are the two bubbles “DTD” and “LTD” ? Should I fill in one ?… read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
28 form 1040A, "tax" - includes FICA and federal income? Or
https://ttlc.intuit.comline 28 form 1040A, "tax" - includes FICA and federal income? Or just federal income? … read more
Barbara
Barbara
Enrolled Agent, Paralegal
4,943 satisfied customers
Are social security retirement benefits subject to Federal
Are social security retirement benefits subject to Federal withholding taxs … read more
Barbara
Barbara
Enrolled Agent, Paralegal
4,943 satisfied customers
My only taxable income is $2287.10 from IRA distribution. I
My only taxable income is $2287.10 from IRA distribution. I am rated 100% VA disabled. My social security and VA pension are non-taxable. I have no other reportable income. How do I determine if I owe… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,124 satisfied customers
On line 17, Form 1120 ,C Corp Federal Tax return are state
On line 17, Form 1120 ,C Corp Federal Tax return are state corporate income taxes deductible.If I am doing my Federal C Corp returns for 2017 are the state corporate income taxes due but not paid yet … read more
Barbara
Barbara
Enrolled Agent, Paralegal
4,943 satisfied customers
Is social security a taxable income? Indiana. None
is social security a taxable income? JA: What state is this in? It matters because laws vary by location. Customer: Indiana JA: What steps have been taken so far? Customer: none JA: Anything else you … read more
Mike-USACPA
Mike-USACPA
9 satisfied customers
I am completing my moms federal income tax forms for 2017.
I am completing my moms federal income tax forms for 2017. Mom (who is 90) purchased a vacant lot in June of 2012 and sold it at a profit of $23,7550 in November of 2017. Moms adjusted gross income fo… read more
Chad EA, CFP ®
Chad EA, CFP ®
IRS Enrolled Agent, CFP(R),
Master\u0027s Degree
2,067 satisfied customers
Is a settlement from employment taxable income? My husband
My husband received a settlement from his employer as he was no longer able to work as a patrol officer due to injuries. He had to take medical retirement … read more
Lev
Lev
Tax Advisor
32,708 satisfied customers
What forms are needed with my tax return. Turbo Tax printed
What forms are needed with my tax return. Turbo Tax printed about 50 sheets and I have not been able to figure out which sheets are needed besides the four tax return forms are necessary. I believe Sc… read more
Barbara
Barbara
Enrolled Agent, Paralegal
4,943 satisfied customers
1040 form line 16a. What part of my pension is Federal
1040 form line 16a. What part of my pension is Federal taxable ($35521) and Social Security ($48912) … read more
Lev
Lev
Tax Advisor
32,708 satisfied customers
I filed 2017 with turbo tax. a have disability income only.
I filed 2017 with turbo tax. a have disability income only. turbo tax sais return accepted tax act letter sais irs needs 2016 pin number or 2016agi number wich I have both. then they say must get info… read more
PhillipsEsq.
PhillipsEsq.
Attorney-at-Law
JD
56 satisfied customers
I used Turbo Tax to prepare my federal and state tax
I used Turbo Tax to prepare my federal and state tax returns. I specified to e-file both. I found out later that neither were filed. WHY? my printer doesn't work so can't print my returns. How do I ge… read more
Barbara
Barbara
Enrolled Agent, Paralegal
4,943 satisfied customers
Turbo Tax asked me if I was Active duty retired military for
Turbo Tax asked me if I was Active duty retired military for my Maryland. I am a retired reserve, so I said no. The Maryland tax people, both on the phone and in their tax instructions on the computer… read more
Barbara
Barbara
Enrolled Agent, Paralegal
4,943 satisfied customers
How much tax do I owe on $1.350.00 taxable income. 1040A
How much tax do I owe on $1.350.00 taxable income. 1040A Line 25. … read more
Lev
Lev
Tax Advisor
32,708 satisfied customers
I submitted my 2017 federal income tax forms to Turbo Tax to
I submitted my 2017 federal income tax forms to Turbo Tax to be submitted to the government. Turbo Tax recognized an error to be corrected because I omitted completing one section. Since Turbo Tax did… read more
Barbara
Barbara
Enrolled Agent, Paralegal
4,943 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