Utah allows you to deduct any railroad retirement, disability income, unemployment income and sickness benefits received from the railroad board and reported on 1099-RRB. Effective after tax year 2020, it now allows qualified retirement plan distributions if they meet certain requirements.
Where do I enter this in the program?
To make this manual entry within the program, go to:
- State Section
- Subtractions from Income
- Subtractions from Income (again)
- Add New
- Enter amount and choose applicable retirement distribution from the drop-down menu
What about Qualified Retirement Plan Distributions?
If you received a distribution from a qualified IRC Section 401 retirement plan and it was included in your federal Adjusted Gross Income, you may subtract the amount, if when paid into the plan the amount was:
- taxed by another state or US possession; and
- was not included in your federal AGI.
Note: You can only exclude these amounts if they are included in your federal adjusted gross income.