ErnieS0
Expert Alumni

Get your taxes done using TurboTax

Yes. Enter $12,500 in All Sources and Delaware Sources if the amount of pension income while a Delaware resident was more than $12,500.

 

You said you had >$12,500 in taxable non-Roth IRA income after moving to DE, so I’m assuming your DE qualifying income for the pension deduction is more than $12,500.

 

Eligible retirement income includes dividends, interest, capital gains, net rental income from real property and qualified retirement plans (IRS Sec. 4974), such as IRA, 401 (K), and Keough plans, and government deferred compensation plans (IRS Sec. 457). The combined total of pension and eligible retirement income may not exceed $12,500 per person age 60 or over.

 

See Retirement Information, IRA Topics, Pension Exclusions, Social Security Benefits.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"