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State tax filing
Also, many states have an E-filing limit on those numbers.
There have been a few that restrict box 12 to be ~25% or less than box 14 (I don't know what NY's limit might be). Some might set it at 50%...but it would depend on each sates e-filing rules
BUT.....that % limit is only for "E-Filing"....they still allow it to be filed...but only paper-filing in the mail...because they want to SEE that actual 1099-R form in the mailed tax package, that shows such a high withholding amount as proof that it was really done that way.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
March 10, 2020
1:14 PM