Retirement tax questions

If you received KPERS distributions you should indicate KPERS.In general, a KPERS benefit is taxable for federal income tax and not for Kansas state tax.

To enter your tax-exempt  State employee pension, you will first have to enter the necessary information in your Federal Income tax return, which will then flow to your KS state return.  You have to indicate when you initially enter your Form 1099-R, that it is a tax-exempt pension in the State of KS.  You may have to indicate it as a Qualified Governmental Retirement Distribution.

Follow the steps below to enter your distribution:

1. Click on Jump to 1099-R
2. Scroll down to Retirement Plans and Social Security
3. At IRA,401(k), Pension Plan Withdrawals (1099-R), click Update
4. Click on Edit then Continue
5. Answer the next questions until you get to the Where Is This Distribution From? screen
6. Select the source State Employees and enter the information requested: This will carryforward the information needed to your state tax return to make your pension tax exempt.
7. Click on Continue
8. Click on From a Qualified Plan
9. Continue answering the questions

Now on your state return: 

1. At the Changes to Federal Income page, scroll down to Received retirement income, click Start/Update
2. At the Retirement Distributions Summary page, click on Edit State
3. If no additional information is required, click on Continue
4. Click Done

Please review the link below for additional information:

KPERS

@Taxescats