@bgrossm1 wrote:
My understanding is that NY state/local pension exclusion is not limited to 20K. It is not state taxable, period. What works for me on 1099R (after much trial and error) is:
Box14 - leave blank
Box15 - leave as is
Box 16 - make it 0.
Also check the NY Pension/Annuity worksheet to make sure everything is as it should be.
If no tax withheld in box 14 the leave all boxed 14-16 BLANK.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
