Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Mar 30, 2023 5:58:36 PM

Nontaxable Pensions

On page 2 of Alabama Form 40, my total pension and annuities amount on line 5a is $147,591.  This is combined income from the Retirement System of Alabama and the Federal Retirement System.  According to Alabama law, both of these systems are considered exempt income from Alabama Income Taxation.  If this is the case then why does line 5b on page 2 of Alabama Form 40 in Turbo Tax states that the taxable amount is $69,090.  If both of those incomes are exempt, shouldn't the taxable amount be $0.00.  Is this a flaw in the program or am I missing something here?

0 1 304
1 Replies
Moderator
Apr 3, 2023 11:38:59 AM

This is the support site for the Canadian TurboTax. For assistance with U.S. taxes and U.S. versions of TurboTax, please visit the website for TurboTax USA.