Enter the taxable amount of a lump-sum distribution from a retirement plan reported on federal Form 4972. The amount subject to Idaho tax includes the ordinary income portion and the amount eligible for the federal capital gain election.
Partner and Shareholder Additions
Enter the amount from Form ID K-1, Part B, Line 4.
Idaho Medical Savings Account Withdrawals
If you withdraw funds from an Idaho Medical Savings Account and don't use the funds to pay eligible medical expenses, the withdrawal is subject to Idaho tax. Eligible medical expenses include medical, vision and dental care, medical insurance premiums, and long-term care expenses. Enter the amount of withdrawal not used to pay eligible medical expenses.