One mistake that people make, is that when they enter their Bailey Settlement eligible 1099-R in the Federal section, they need to make sure that the follow-up page (where they selected the Bailey Settlement), that the NC distribution amount is filled in with ether the box 2a value...or if box 2a was empty...usually the box 1 value.
That NC distribution amount entered on that page is the $$ amount that is subtracted form NC income once the Bailey Settlement button is selected.
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____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
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