"The 1/3 distribution income will be included on your 21 and 22 federal and state tax returns so they will be included on your New York tax returns, but you will get a credit for tax paid in other state (Oregon) on your subsequent New York tax returns (1/3 for each year to offset the income."
OK. That sounds good. I did not see your reply right away because the older existing post was edited instead of creating a new one.
So the credit for State income tax paid to Oregon in full in 2020 will be awarded to me on my 2021 and 2022 New York State returns, completely eliminating the amount I would owe NY for that 1/3 of 401k retirement income?
Is this a calculation that TurboTax will take care of for me based on the info it has in my OR 2020 return?
