Yes. If you do not qualify due to your distribution being a lump sum payment, then you can delete the exclusion under Wage and retirement adjustments. This is found on the NYS screen Changes to Federal Income.
You can follow these steps in TurboTax to exclude $20,000 of your retirement income:
- Open your return.
- Click on State in the left hand column.
- Click Edit next to your resident return.
- Click Update or Start next to Adjustments to federal income on the screen You Just Finished Your New York Return.
- Scroll down to Wage and retirement adjustments.
- Click Start next to Received retirement income.
- Continue to the screen Governmental Pension Exclusion.
- Enter $0 for the question, Did you receive a pension or other distribution from a NY State or local government pension plan or federal government pension plan?
- The next screen will show your pension deduction summary, in which none of your 1099-R is nontaxable.
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