tst Posted April 10, 2015 Report Posted April 10, 2015 Re: Ohio retirement credit. Do you give credit only on annuities pension and 401ks only or are IRAS included? Some folks tell me "retirement" does not include IRAS for purposes of the credit on Ohio. Anyone encounter this? Quote
Margaret CPA in OH Posted April 10, 2015 Report Posted April 10, 2015 I include IRA's because Individual RETIREMENT Plan distributions seem to me to qualify. And the instructions also state that you must have retired and the income is included in the Ohio AGI. So an early distribution not for retirement would not count even if included in AGI. IMO 1 Quote
tst Posted April 11, 2015 Author Report Posted April 11, 2015 This is exactly how I see it. We are having a debate among CPAS. The instructions say pension, retirement and profit sharing. Why carve out "retirement" in law. Thanks for your opinion. Quote
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