State of Hawaii

Forum|Forum|5 years ago
April 8, 2021
1 reply
7 views

In 1099-R distributions, Code 7 is NOT taxable in the State of Hawaii and Code 1 is. Anyone run into this?

ProConnect Tax

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Best answer by TylorValdez1

Except from the N-15 instructions.

Hawaii does not tax qualifying distributions from an employer-funded pension plan.
If you received qualifying distributions from an employer-funded profit sharing, defined
contribution, or defined benefit plan, or from a government retirement system (e.g., federal
civil service, military pension, state or county retirement system), enter the qualifying
amount here.

Early Distributions
Early distributions from a pension plan that are subject to the 10% federal penalty tax do not qualify and are taxable.

T

TylorValdez1Answer

Level 6

Except from the N-15 instructions.

Hawaii does not tax qualifying distributions from an employer-funded pension plan.
If you received qualifying distributions from an employer-funded profit sharing, defined
contribution, or defined benefit plan, or from a government retirement system (e.g., federal
civil service, military pension, state or county retirement system), enter the qualifying
amount here.

Early Distributions
Early distributions from a pension plan that are subject to the 10% federal penalty tax do not qualify and are taxable.

legalAuthor

Level 3

Then that must be the same for the N-11 Resident Tax Form. Thank you!!

T

TylorValdez1

Level 6

Correct. I was actually looking at the N-11 Resident instructions. My mistake.

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