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rocannon
New Member

What type of income is an IRA distribution: Other or Ineligible? I know it's not military, civil service, or government.

(update 21 Jan): I've attached a screenshot of the page in question. It's from the State return input sections.

personal info xxxx'd out.

1 Best answer

Accepted Solutions

What type of income is an IRA distribution: Other or Ineligible? I know it's not military, civil service, or government.

Select 'other' for 1099-R income from an IRA on your Oklahoma tax return.

https://www.ok.gov/tax/faqs.html#q2308

View solution in original post

9 Replies

What type of income is an IRA distribution: Other or Ineligible? I know it's not military, civil service, or government.

IRA distributions are classified as retirement income.
rocannon
New Member

What type of income is an IRA distribution: Other or Ineligible? I know it's not military, civil service, or government.

Yes, I understand that. Looking at the attached pic, I know it's not military, civil service, or government. Of the remaining two choices - other or ineligible - how do I determine which to use?

What type of income is an IRA distribution: Other or Ineligible? I know it's not military, civil service, or government.

Thanks for adding the picture. I now see that your question is about Oklahoma state taxes.

What type of income is an IRA distribution: Other or Ineligible? I know it's not military, civil service, or government.

Oklahoma tag added.

What type of income is an IRA distribution: Other or Ineligible? I know it's not military, civil service, or government.

@rocannon According to the Oklahoma tax website, you should select 'other'. Second paragraph, find 'individual retirement account......under IRC section 408'.

"Other Retirement Income:

Each individual may exclude their retirement benefits, up to $10,000, but not to exceed the amount included in the Federal Adjusted Gross Income. For any individual who claims the exclusions for government retirees on Schedule 511-A, line 5 or Schedule 511NR-B, line 5, the amount of the exclusion cannot exceed $10,000 minus the amounts already claimed on Schedule 511-A, line 5 or Schedule 511NR-B, line 5 (if less than zero, enter zero).

The retirement benefits must be received from the following and satisfy the requirements of the Internal Revenue Code (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). Enclose a copy of Form 1099-R or other documentation.

See either Schedule 511-A in the Oklahoma Resident Packet 511 or Schedule 511NR-B in the Oklahoma Nonresident/Part-Year Resident Packet 511NR."

Link added:
<a rel="nofollow" target="_blank" href="https://www.ok.gov/tax/faqs.html#q2308">https://www.ok.gov/tax/faqs.html#q2308</a>

What type of income is an IRA distribution: Other or Ineligible? I know it's not military, civil service, or government.

Select 'other' for 1099-R income from an IRA on your Oklahoma tax return.

https://www.ok.gov/tax/faqs.html#q2308

rocannon
New Member

What type of income is an IRA distribution: Other or Ineligible? I know it's not military, civil service, or government.

That's the answer. Thank you.

What type of income is an IRA distribution: Other or Ineligible? I know it's not military, civil service, or government.

You're welcome. I'm glad I could help.
KatrinaB
Intuit Alumni

What type of income is an IRA distribution: Other or Ineligible? I know it's not military, civil service, or government.

You will receive form 1099-R to report your IRA Distribution. You may not have received this form yet. When you do, please follow the directions in the Turbo Tax FAQ below to input this form. https://ttlc.intuit.com/replies/4194737
Use your Intuit Account to sign in to TurboTax.
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