Hi, I have a death benefit Pension that I received after my step-mother passed in 12/2020 (it was originally my father's pension plan). A question is asked On the Pensions/Annuities/IRA Worksheet: Received Pension as a Beneficiary must be entered. Options are: Beneficiary Pension Yes or Beneficiary Pension No.
Box 7 has a 4 (Death).
Distribution is fully taxable.
Distribution is received in late Dec each year (started in 12/2023) and must be fully distributed in 10yrs.
Is the question new for 2024 taxer year?
Why does NYS need to know?
How does this affect my taxes?
