BillM223
Expert Alumni

Retirement tax questions

Maybe. Only distributions from the retirement plans below can be deducted in OK.

 

The retirement benefits must be received from the following and satisfy the requirements of the IRC: 

• An employee pension benefit plan under IRC Section 401, 

• An eligible deferred compensation plan under IRC Section 457, 

• An individual retirement account, annuity or trust or simplified employee pension under IRC Section 408, 

• An employee annuity under IRC Section 403 (a) or (b), United States Retirement Bonds under IRC Section 86, or 

• Lump-sum distributions from a retirement plan under IRC Section 402 (e). Provide a copy of Form 1099-R or other documentation.

 

Notice that this includes only plans and not IRAs.

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