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State of Hawaii

legal
Level 3

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

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TylorValdez1
Employee
Employee

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.

 

 

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TylorValdez1
Employee
Employee

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.

 

 

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legal
Level 3

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

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TylorValdez1
Employee
Employee

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

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