It depends on your circumstances if the IRA should flow through to your return. But, you should see the taxable portion on Line 8 and any exclusion on Line 21.
If it is not flowing there, and it should be there, I recommend verifying the federal interview input, checking that the IRA was identified from Iowa in Box 13.
Next, verify the Iowa interview input.
If you are still getting unexpected results, I recommend deleting and re-adding the state before trying to update the IRA details.
To delete and re-add the state:
- From the left menu select State>
- Continue>next to your state, click the Trash Can icon and follow through the rest of the questions ending with Done
- Click Add Another State>Your state>and go through the interview again.
For more details, see 2019 Iowa Expanded Directions:
Line 8
Enter the amount of taxable IRA distributions as shown on your federal return.
Line 21
If you or your spouse receive a pension, an annuity, a self-employed retirement plan, deferred compensation, IRA distribution, or other retirement plan benefits, you may be eligible to exclude from Iowa income tax part or all of the retirement income that is taxable on your federal return. The Roth conversion income, included in net income, is eligible for this exclusion.
The exclusion is up to $6,000 for individuals who file status 1, 5, or 6 and up to $12,000 for married taxpayers who file status 2, 3, or 4. (If, for example, an individual has $5,000 in pension / retirement income, the exclusion will be the actual $5,000, not the maximum of $6,000.)
To take this exclusion the pensioner or retirement income recipient must meet one of the following conditions:
a. 55 years of age or older on December 31, 2019, (this will be handled automatically in the program) or
b. disabled, or
c. a surviving spouse or a survivor having an insurable interest in an individual who has qualified for the exclusion in 2019 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.
Only the pension income of the spouse who meets the eligibility requirements can be shown on Line 21. Please see the examples below for further guidance.
