Click on the arrow to return to the top. If you itemized deductions on your federal income tax return in the year on which the distribution is based, the answer is yes. That portion of your distribution check representing the amount of excess state revenues derived from income taxes is subject to federal income taxation. If you did not itemize deductions in the year on which the distribution is based, the answer is no. G is issued to taxpayers who itemized deductions on their federal income tax returns for the years on which the distributions were based.
G is the percentage of excess state revenues derived from Missouri income taxes.
Corporations must include the entire amount of the article X distribution in income on their federal tax return in the year the distribution was made. Click on the arrow to return to the top. Click on the arrow to return to the top. Click on the arrow to return to the top. The amount of your distribution is calculated after credits.