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Retirement tax questions
NY tax department requires a value in box 16, even if empty on your 1099-R.
box 16 should have the value of box 2a entered into it...or the Federally-taxable amount of box if box 2a is empty or "undetermined"
Box 14 would be empty if your paper form says "exempt"
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What makes the actual distribution exempt from NY taxes (only if you still live in NY), depends on what you checked on a follow-up page after the main form....used to look like the following, but selections might have changed some over the years:
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
‎April 7, 2021
8:46 AM