If you are a New York State retiree and are in the NYSLRS, there was an issue with TurboTax incorrectly categorizing your pension.
TurboTax has issued a New York State update that fixes this issue. You will need to go into your return and fix the retirement system issue.
GO TO
- FEDERAL TAXES
- Wages & Income
- IRA, 401(k), Pension Plan... (UPDATE)
- Edit - NYS & Local Employees Retirement System
- Continue until you get to "Where is this distribution from?"
You will notice that NYSLRS is no longer listed as an option
TurboTax most likely changed your selection to US Government (Including Military)
Select "Other Pensions of New York State and Local Governments"
Answer the remaining question and then go through New York State again to check for errors
I hope this helps.
@vnorman @jnwestlake @gbishop-593
