Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Turbo Tax asked me if I was Active duty retired military for…

Customer Question
Turbo Tax asked me...

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 for Maryland Tax form 502SU say retired reservists are eligible. Why is TT giving false info and will they correct my previous tax forms?

Accountant's Assistant: The Accountant will know how to help. Is there anything else important you think the Accountant should know?

Yes, this affects thousands of retired reservists.

Submitted: 1 month ago.Category: Tax
Show More
Show Less
Ask Your Own Tax Question
Answered in 9 minutes by:
3/19/2018
Tax Professional: Barbara, Enrolled Agent replied 1 month ago
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 5,819
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.
Verified

Welcome to Just Answer. My name is ***** ***** I will be happy to assist you.

This is not a mistake on TurboTax's part if the 1099-R information screens are answered correctly.

See the following:

Maryland will exclude:

Up to $5,000 of military retirement income received by a qualifying individual during the tax year if the taxpayer has not yet attained the age of 65; or up to $10,000 of military retirement income received by a qualifying individual if the taxpayer is age 65 or over.

After the 1099-R entry screen (in the federal portion of your tax return):

  1. On the Where is this Distribution From screen, click on Military Pension or Active duty military retirement [depending on the version of TurboTax you have)].
  2. Enter the distribution amount (if it's not already there) and click Continue.
  3. On the screen Was This Distribution from a Qualified Plan, mark the blue Non-Qualified Plan box.

TurboTax will then calculate the exclusion on your MD return.

Please let me know if I can assist you further.

Thank you and best regards,

Barb

Ask Your Own Tax Question
Customer reply replied 1 month ago
TT asked me only if I was retired Active Duty! Not retired reservist!
Tax Professional: Barbara, Enrolled Agent replied 1 month ago

I understand, but that is how the TurboTax program is configured so you can claim the exclusion on your MD state return.

Ask Your Own Tax Question
Was this answer helpful?
Ask Wallstreet Esq. Your Own Question
Wallstreet Esq.
Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
Satisfied Customers: 586
586 Satisfied Customers
Experience: 10 years experience

Wallstreet Esq. 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
I have a 1099-R that says I had a gross distribution of
I have a 1099-R that says I had a gross distribution of $1003.33. It is the only income I have other than about 19,691.00 from Social Security. How do I figure my tax liability on that amount so I can… read more
ABC Accounting Group
ABC Accounting Group
Bachelor\u0027s Degree
828 satisfied customers
I have just received a form 1099-R that I should have
I have just received a form 1099-R that I should have received before I sent in my tax report. … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Is military retirement income taxable in the state of
Is military retirement income taxable in the state of Hawaii . I asked this question before and was told that military retired pay was not taxable in Hawaii.what's your opinion?… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Where do I report capital gains distributions in Turbo Tax?
Where do I report capital gains distributions in Turbo Tax? … read more
Barbara
Barbara
Enrolled Agent
5,819 satisfied customers
I forgot toenclose one form 1099-r with my already mailed
I forgot toenclose one form 1099-r with my already mailed tax return. what can i do now … read more
abci168
abci168
Principal
27 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
5,819 satisfied customers
LANE, MY CLIENT RECEIVED A 1099-r FORM REPORTED IN HIS SS#
HI LANE, MY CLIENT RECEIVED A 1099-r FORM REPORTED IN HIS SS# ***** IT BELONGED TO THE ESTATE OF HIS MOTHER WHO DIED. i AM NOT SURE THE BEST WAY TO HANDLE THAT DISTRIBUTION. I HAVE BEEN ON HOLD WITH I… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
How do I exclude my 1099-R early retirement distributions
How do I exclude my 1099-R early retirement distributions from tax and penalty (under 10k distributed) that went towards a first home purchase? What's the form that exempts this distribution from inco… read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor\u0027s Degree
1 satisfied customers
I received a 1099-Q form for final distributions from state
I received a 1099-Q form for final distributions from Washington state GET (QTP) program. The time period for its use had expired. Do I include all the earnings as income and do I have to pay a 10% Ta… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,124 satisfied customers
In box 5 on my Form 1099-R is the amount of $1974.48. How am
In box 5 on my Form 1099-R is the amount of $1974.48. How am I to apply this to my 2017 Form 1040? By the way, I purchased Service Credit prior to retiring in 2009. … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 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
5,819 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
5,819 satisfied customers
I received a 1099-R for pension distribution which
I received a 1099-R for pension distribution which incorrectly reported in Box 13 that I am a resident of CT. I am a resident of FL. The Disbursement reissued a 1099-R. labeled "Revised" correctly sho… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,124 satisfied customers
I am retired. I have form 1099 - r. income here was 9000.00
I am retired. I have form 1099 - r . income here was 9000.00 dollars. SSA 1099 Shows about 16663.80 dollars. however, 1999.40 of that was what I got from plan b Medicare. So 14664.40 dollars is what I… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,124 satisfied customers
FORM 1099-R FROM MY 401K HAS A CODE OF 1 EARLY DISTRIBUTION
FORM 1099-R FROM MY 401K HAS A CODE OF 1 EARLY DISTRIBUTION AND I BELIEVE THAT IT SHOULD BE WITH EXCEPTION DUE TO ME SEPERATING FROM COMPANY AND WOULD LIKE TO KNOW HOW TO APPLY THIS EXCEPTION TO MY RE… read more
Chad EA, CFP ®
Chad EA, CFP ®
IRS Enrolled Agent, CFP(R),
Master\u0027s Degree
2,082 satisfied customers
When will I receive a 1099-R tax form for my whole life
when will I receive a 1099-R tax form for my whole life policy? … read more
Fred Rook
Fred Rook
Corporate Controller
BSBA
125 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
5,819 satisfied customers
How can I get a copy of my 2016 1099-R federal tax return so
how can I get a copy of my 2016 1099-R federal tax return so I can compleat my 2017 taxs … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 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