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Is a California Pension for an Arizona resident eligible for the AZ $2,500 pension exclusion (code 128, under pensions)?

Audrey46
Level 2
 
0 Cheers
4 Comments 4
George4Tacks
Level 15

Once you leave California and become a resident of another state, that pension become an income of that state, i.e. it becomes an Arizona pension regardless of it's source. 

BUT for the exclusion - READ THE INSTRUCTIONS

Line 29a - Exclusion for U.S. Government, Arizona
State or Local Government Pensions
If you received pension income from any of the sources listed
below, subtract the amount you received or $2,500, whichever
is less. Include only the amount you reported as income on your
federal return. If both you and your spouse receive such pension
income, each spouse may subtract the amount received or
$2,500, whichever is less.
NOTE: Do not enter any subtraction for pension income
received from retired or retainer pay of the Uniformed Services.
The allowable subtraction for this pension type is entered on
line 29b.
Public pensions from the following sources qualify
for this subtraction:
• the United States Government Service Retirement and
Disability Fund;
• the United States Foreign Service Retirement and
Disability System;
• any other retirement system or plan established by federal law;
NOTE: This applies only to those retirement plans
authorized and enacted into the U.S. Code. This does not
apply to a retirement plan that is only regulated by federal law
(i.e., plans which must meet certain federal criteria to be
qualified plans).
• the Arizona State Retirement System;
• the Arizona State Retirement Plan;
• the Corrections Officer Retirement Plan;
• the Public Safety Personnel Retirement System;
• the Elected Officials' Retirement Plan;
• a retirement plan established for employees of a county,
city, or town in Arizona; and
• an optional retirement program established by the Arizona
Board of Regents under Arizona Revised Statutes, and an
optional retirement program established by an Arizona
community college district.
NOTE: Public retirement pensions from states other than
Arizona do not qualify for this subtraction.


Here's wishing you many Happy Returns
BobKamman
Level 15

No.

Terry53029
Level 14
Level 14

Bob, you must be taking lessons from @IRonMaN for long winded answers. 😁

IRonMaN
Level 15

We are just getting prepared for the day that Intuit starts charging us by the word for our posts.🤔


Slava Ukraini!