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March 20, 2025
Question

most of retirements are exempt from KY tax. How do I enter into KY P form to show that on turbo tax deluxe?

  • March 20, 2025
  • 1 reply
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Turbo tax Deluxe does not exempt appropriately on forms for it to function?

1 reply

March 20, 2025

Turbo Tax will automatically subtract the income and create the Schedule P if needed.  Did you receive taxable pension or retirement income
greater than $31,110?

 

All pension and retirement income paid under a written retirement plan is eligible for exclusion. This includes pensions, annuities, IRA accounts, 401(k) and similar deferred compensation plans, death benefits, and other similar accounts or plans.