Can you tell me why my PA state return says all my annuity income is taxable in PA after I paid fed tax?
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New Member

Can you tell me why my PA state return says all my annuity income is taxable in PA after I paid fed tax?

 
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Level 15

Can you tell me why my PA state return says all my annuity income is taxable in PA after I paid fed tax?

Is it a qualified annuity (IRA, 403(b)) or a nonqualified one?
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Level 9

Can you tell me why my PA state return says all my annuity income is taxable in PA after I paid fed tax?

To determine if a 1099R income is taxable by PA, consult this guide:  https://revenue-pa.custhelp.com/app/answers/detail/a_id/1470/~/how-do-i-know-if-the-amount-on-my-109...


Note that if box 7 of the 1099R contains a D, it is taxable by PA to the same extent as on the federal return.  The amount in box 2 of the 1099R will be reported as interest on the PA return.

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Level 15

Can you tell me why my PA state return says all my annuity income is taxable in PA after I paid fed tax?

"after I paid fed tax"
Are you saying that the annuity was funded with post tax dollars?  Even so, the gain is taxable.
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Level 15

Can you tell me why my PA state return says all my annuity income is taxable in PA after I paid fed tax?

If the annuity is part of an employer plan, is it not taxable.

But from PA dept of revenue's web site: "If you invest in a retirement annuity that is not part of an employer-sponsored program or a commonly recognized retirement program, you may have PA taxable income when you begin receiving annuity payments."

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