Below is a list of Utah's additions to income:
Medical Care Savings Account
An MSA account holder should receive a form TC-675M, Statement of Withholding for Utah Medical Savings Account, from the account administrator each year contributions are made. Include the sum of lines 8 and 9 from form TC-675M to the extent the amount was deducted on your Utah return for a tax year before 2008, or was used in calculating the MSA credit on your Utah return after 2007.
- Any disbursement of assets from a MSA account pursuant to a filing for protection under 11 U.S.C. Sec. 101 to 1330; and
- Any amount withdrawn that is not deducted on your federal tax return under IRC Section 220.
Keep Form TC-675M with your records.
Lump Sum Distribution
The IRS taxes lump sum distributions on form 4972, with the tax on the distribution added to your regular income tax on form 1040. Because the income from the lump sum distribution is not included in federal adjusted gross income, you must add any distribution to Utah additions to income.
Note: This addition to income only applies if you filed form 4972 with your federal form 1040 for the current year.
Utah Educational Savings Plan Unqualified Withdrawal (UESP) Addback
If you made a withdrawal from your UESP account but did not use it on qualified education expenses and the withdrawal did not meet any exceptions, enter the amount to the extent that is was deducted or used when calculating your UESP credit.
Untaxed Income of a Resident Trust
Enter any distribution received by a resident beneficiary of a resident trust if the income was taxed at the trust level for federal tax purposes, but was subtracted from state taxable income of the trust, must be included in Utah additions to income.
Untaxed Income of a Nonresident Trust
Enter any distribution received by a resident beneficiary of a nonresident trust of undistributed distributable net income realized by the trust on or after January 1, 2004, if such income was taxed at the trust level for federal tax purposes, but was not taxed at the trust level by any state.
Enter any qualified equitable adjustment needed to prevent receiving a double tax benefit. Attach an explanation of any equitable adjustment reported.
For a more detailed description of these additions, please click here.