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June 5, 2019
Solved

In PA, what is the "State Type Code" for retirement income for an inherited IRA? I'm under retirement age. Already entered in fed section, but that didn't help in state.

  • June 5, 2019
  • 1 reply
  • 0 views
Note: the only options that appear remote possibilities are: no entry, early distribution from a ret. plan, rollover, I'm eligible; plan's eligible (no P. tax), I'm not eligible yet; plans' eligible in Pa, Traditional or Roth IRA -over 59.5, Traditional or Roth Ira, under 59.5, non-qualified deferred comp plan, life insurance or endowment,
Best answer by re2boys

I'm eligible, plan eligible   will result in the retirement plan distribution not being taxed.  For info on what is taxable or non taxable, see:   https://revenue-pa.custhelp.com/app/answers/detail/a_id/1470

An inherited IRA is generally coded 4 in box 7 of the 1099R and is not taxable unless marked 4D.

1 reply

re2boysAnswer
Employee
June 5, 2019

I'm eligible, plan eligible   will result in the retirement plan distribution not being taxed.  For info on what is taxable or non taxable, see:   https://revenue-pa.custhelp.com/app/answers/detail/a_id/1470

An inherited IRA is generally coded 4 in box 7 of the 1099R and is not taxable unless marked 4D.

gldiorioAuthor
June 5, 2019
Thank you!