Hmmn, it is excluded in my test return.
What are you using, TurboTax Online or desktop?
The State of Iowa says,
To qualify for the retirement income exclusion, the taxpayer must be:
- 55 years of age or older on December 31 of the tax year, or
- Disabled, or
- A surviving spouse or a survivor having an insurable interest in an individual who has qualified for the exclusion in the tax year on the basis of age or disability. A survivor other than the surviving spouse is considered to have an “insurable interest” if the survivor is a son, daughter, mother, or father of the annuitant or pensioner.
For married couples, the retirement income exclusion is only applicable to a spouse who meets one of the above conditions. If one spouse does not meet one of the above conditions, retirement income attributable to that spouse is not eligible for the exclusion. If both spouses meet one of the above conditions, the taxpayers may exclude all eligible retirement income.
Do you meet these qualifications?
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