Yes, line 16 carries over correctly from the federal return.
I can't understand the sentence "@dyons if you received a tax deduction from NY over time ($10,000 per year), it would appear the $22,000 (netting the two lines together) is the recapture so it is now taxable to you. "
Please could you explain very slowly for someone who is not financially savvy. I contributed 190K over a period, which I deducted from my NYS taxes. I took out a lot of qualifying withdrawals from those contributions (plus earnings). I have heard it explained that tax free distributions increase the basis by the amount of the earnings portion of each qualified withdrawal. But I can't understand how to get to 22000 (beyond the fact that it adds 20,000, the current basis, and the 2000, the current earnings.
What is the connection of these numbers with the NY deductions I've taken, whose effects must be "clawed back"?.
As you can see, I'm very confused :(
Any help would be appreciated. Much thanks.
