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.
Iowa has conformed to section 13613 of the 2017 Federal Tax Cuts and Jobs Act extending the period in which a qualified plan loan offset amount may be contributed to an eligible retirement plan. No Iowa adjustment is needed for such contributions.
IRA Distributions to Certain Public Charities for Individuals 70-1/2 or Older
For tax year 2018, Iowa has conformed to the federal treatment of IRA distributions to certain public charities for individuals 70-1/2 or older. No adjustment for these distributions is needed to the amount of taxable IRA distributions reported on your federal return.
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 the IA 1040
Married Separate Filers:
Taxable IRA distributions should be reported by the spouse whose name is on the account.