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Screen DE1099R - Delaware Lump Sum Distributions (1040)

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Overview

Use this screen to complete Form PIT-STC. Information from the federal 1099R and 1099 R-2 screens automatically transfers to this screen.

General Information

Use this section to complete Form PIT-STC if neither the taxpayer nor the spouse qualifies for federal Form 4972, based on the age of the qualifying participant.
State use
Don't use Delaware state use code
35
 in the federal 1099R screen for pensions qualifying for lump-sum tax treatment either federally or for Delaware purposes. Use the State use code
35
 for the pension exclusion calculation.
Calculate lump sum tax when not electing or qualifying on federal return
Select this field to calculate a lump-sum distribution tax on Form PIT-STC, when you aren't electing or qualifying for lump-sum tax treatment on the federal return. The
Averaging method
 field in the Lump-Sum Distributions Tax section is a mandatory field used to calculate a lump-sum tax. Form PIT-RES, Page 1, reports retirement distributions qualifying for lump-sum tax treatment for Delaware but not for the federal return as a subtraction modification.

This article applies to:

  • PRODUCT: UltraTax CS
  • Return type: 1040 Individual
  • State: Delaware

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