Montana Pension and Annuity Exemption

[CFB31]

What if the income exemption code is a Q (Qualified distribution from a Roth IRA) or a T (Roth IRA distribution, exception applies) in box 7?

[MaryK4 · Accepted solution]

If you have IRA distributions with federal early payout penalties, you can't qualify for the Partial Pension and Annuity Income Exemption. If you have Box 7 Code Q or T and you reached age 59½, the participant died, or the participant is disabled, you qualify for the exemption.