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Taxable IRA Distributions

Back to Expanded Instructions Index 

Going back will take you to instructions for the current tax year.

Line: 
8
Step: 
Step 5
Step Subject: 
Gross Income
Year: 
2016

Enter the amount of taxable IRA distributions as shown on your federal return.

Current traditional IRA owners may convert or roll over amounts from existing traditional IRAs to a Roth IRA. However, any taxable amounts that you transfer from an existing traditional IRA to a Roth IRA must be included as income for tax purposes.

Tax-free IRA Distributions to Certain Public Charities for Individuals 70-1/2 or Older Permanent

For tax year 2016, Iowa taxpayers must include these distributions in their Iowa income, and they may then take the deduction that would be allowed for the contribution under 26 U.S.C. § 170 if the distribution had been included in federal income, subject to any Iowa adjustments listed in Iowa Code § 422.9. Essentially, a 70-1/2 year old making such a charitable distribution will be entitled to the same Iowa tax treatment as a 69 year old making the same contribution to the same organization.

IRA Distributions to Certain Public Charities for Individuals 70-1/2 or Older

Under current Iowa law taxpayers must include these distributions in their Iowa income, and they may then take the deduction that would be allowed for the contribution under 26 U.S.C. § 170 if the distribution had been included in federal income, subject to any Iowa adjustments listed in Iowa Code § 422.9. Essentially, a 70-1/2 year old making such a charitable distribution will be entitled to the same Iowa tax treatment as a 69 year old making the same contribution to the same organization.

Pension / Retirement Income Exclusion

The pension / retirement income exclusion is not to be taken on this line. Qualified taxpayers will take the pension / retirement income exclusion on line 21 of the IA 1040.

Married Separate Filers:

Taxable IRA distributions should be reported by the spouse whose name is on the account.

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